Bankers came to the King and said, “We can help spread your influence and power by distributing your currency; by … More
Category: interbank market
Interbank Market News Scan: The Indian Rupee had been gaining strength against the US dollar over the last week.
In the grand scheme , the data I am looking at is more of a snap shot, but has me asking if India plans to do the practical thing and maintain good currency relations with the U.S. and the BRICS?
Interbank Market News Scan: Hours away from Powell’s testimony, the Fed should do a one and done with the fed funds rate.
While I believe that the FOMC will vote to raise rates, how much the rates increase by will be a decision driven by politics as it is by economics. The United States is entering the silly season of campaigning that runs up to the 2024 presidential election. As the expenditures stemming from President Biden’s infrastructure spending and financial support for Ukraine seep through the economy, the last thing the Administration wants to contend with is increased financial stress on American households. Mr Biden would prefer to see the Federal Reserve bring a pause to the inflation fight by the end of this spring, putting the pain into the past as soon as possible while crafting a narrative that places the full blame for inflation on the central bank.
The Interbank Market News Scan: An arbitrage moment for U.S. banks
Morning thoughts … When I listen to the YouTube posse opine about the Federal Reserve’s use of its monetary policy … More