Category Archives: Central Banks

April 09

FOMC Fights Hawkish Fires

Today’s FOMC minutes provided clarity on the March 19th Fed meeting that left markets with a hawkish impression on monetary policy. The original statement and forecasts of the fed funds rate initially sent the US dollar and short term interest rates higher. Markets expectations of easing have been adjusted lower substantially in recent days as […]

April 03

Draghi Talks QE

The ECB’s Governing Council remained on hold today, initiating no new easing policy in April.  As discussed in yesterday’s post, the focus was going to be on Draghi’s rhetoric during the statement and Q&A. I was honestly surprised by the extent of Draghi’s explicit and clear elaboration on a possible quantitative easing program. EURUSD was […]