Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Household spending and business fixed investment have been ... Read More
China’s recent market-oriented economic reforms, including devaluing its currency and cutting interest rates, help to keep the domestic economy growing and by extension, the global economy, a top Chinese ... Read More
Sterling fell to a 1-1/2-month low against the dollar on Thursday after data showing the United States grew robustly in the second quarter, boosting a view that U.S. interest ... Read More
Chinese shares were up amid volatile trade as traders gauge the effect of a fresh rate cut by the central bank. The mainland’s benchmark Shanghai Composite was 3.1% higher ... Read More
Global markets are puking at the prospect of higher yields in the U.S. There are many reasons for global markets to melt down, but one that doesn’t get enough ... Read More
China cut interest rates for the fifth time since November and lowered the amount of cash banks must set aside, falling back on its major levers to stem the ... Read More
Any discussion of China has to open with the now-widely-understood fact that the numbers it reports are not to be trusted. Knowing this makes it easy to dismiss claims ... Read More
The Deutsche Bundesbank calculates the basic rate of interest pursuant to section 247 (1) of the German Civil Code (Bürgerliches Gesetzbuch) and publishes its current level in the Federal Gazette (Bundesanzeiger) ... Read More
The Central Bank of Russian Federation has issued an announcement regarding: From 16 June 2015, the Bank of Russia supplemented its system of monetary policy instruments with USD/RUB and ... Read More
History teaches that long trends end only when everyone is finally convinced that they’ll keep going. Maybe no trend in modern times has been as convincing as interest rates. ... Read More
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