President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.
Global Economic
Donald J. Trump : The Wall Street Journal has it Wrong, We are Under no Pressure to Make a Deal with China
The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, they are under pressure to make a deal …
Trump says the Federal Reserve has ‘GONE CRAZY’ by Continuing to Raise Interest Rates
President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.
Stabilising virtues of central banks haircuts: (Re)matching bank liquidity
During the euro area sovereign debt crisis, the ECB implemented several adjustments to its collateral and haircut policies as part of its whole set of non-standard monetary policy measures. While haircut grids may sound like an obscure, merely technical aspect of monetary policy implementation, they turn out to be a key translator of monetary policy loosening with a direct impact on bank balance sheets, the shadow value of their assets and how encumbered they are. Changing haircuts immediately affects the quantity of liquidity that banks can claim against their collateral in open market operations (OMOs).
Job Growth Slumps in September, But the Unemployment Rate Hits the Lowest Level Since 1969
Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday.
Read Alert – RBI Policy: Rate Hike Certain, Liquidity, Currency
A rate hike is almost certain. It is likely to be a quarter percentage (increase in repo rate) but the probability of a 50 bps increase is not ruled out,” said Saugata Bhattacharya, Chief Economist at Axis Bank.
Bad Financial Moon Rising
BASEL – No one should overestimate economists’ powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to be nothing more than hopeful extrapolations of recent growth.