ICYMI – Former Treas Sec Summers urged the Fed to refrain from signaling its next move
The Federal Open Market Committee (FOMC) meeting is Wednesday: statement is due Wednesday February 1 at 2pm US ET (1900 GMT) with Powell’s presser following a half hour, later. Earlier: — ICYMI, Former US Treasury Secretary Lawrence Summers spoke with Bloomberg (gated). “I don’t think it’s a time to be committing to rate hikes, given […]
ICYMI – most Asian markets are closed for a holiday today
I posted over the weekend the heads up: On holiday today are markets in: And its a holiday in Wellington, New Zealand’s capital. — In as normal today are Australia and Japan. Interest and liquidity are much lower than normal. Despite this the USD is weaker pretty much across the major’s board. Gold is up: […]
ICYMI – Citi drops its call for 50bp at the Fed Jan/Feb meeting, now projecting +25bp
The consensus has shifted to a 25bp interest rate hike at the January 31/February 1 Federal Open Market Committee (FOMC) meeting. Earlier today I had this reflecting the ratchet downward: Citi (client note via CNBC, this report is not fresh, posting as a catch-up): “We are changing our call for the February FOMC meeting from […]