Forex News
Fed Lockhart: Sees Steady Taper Pace, End QE By Q4
Atlanta Federal Reserve Bank President Dennis Lockhart said Wednesday he expects tapering of the Fed’s asset purchase program to continue at the $10 billion-per-meeting pace, and ending by the fourth quarter of this year.
Fed Plosser: Good Case For Ending Asset Buys Sooner
Philadelphia Federal Reserve Bank President Charles Plosser Wednesday argued that there are grounds for the central bank to wind down its asset purchase program at a faster rate than the current measured pace,
Italy Considering Suing S&P For Downgrade
Italy is threatening to sue the credit ratings agency Standard & Poor’s for failing to value its historical and cultural treasures.
US Debt Interest Will Reach $223 Billion This Year
The Congressional Budget Office projects that interest will be $233 billion this year, or 1.3% as a share of the economy.
Sweden: Services PMI stays high
The service sector PMI stays at a fairly elevated level which suggests a continued decent growth in the sector. Admittedly, the indicator declined slightly in January, to 55.9 down from 57.7,
Strong Domestic Consumption Keeping Indonesia’s Growth High
Indonesia’s economy grew at a faster annual pace than expected in the fourth quarter, as domestic consumption remained strong despite aggressive tightening by the central bank.
Singapore’s Stability Drawing Safe Haven Flow
Recent alarmist commentary may have stirred up concerns about Singapore’s economy, but in the midst of the emerging market rout, safe-haven seekers’ faith appeared unshaken as they scooped up its currency.
Economy Watch – Jobs Boom Not Stoking Inflation, Just Yet
When we look at the entirety of today’s labour market information, we’re left with the impression that while activity is clearly accelerating,
Pitching in – NZ labour market review, Q4 2013
New Zealand’s unemployment rate continued to fall in the December 2013 quarter, with employment growing strongly and labour force participation reaching near-record highs.
Yen Weakens on Rally in Emerging Markets
The yen weakened from its strongest level in more than two months against the dollar as a rally in emerging-market currencies damped demand for haven assets.
Sweden: Riksbank’s company interviews somewhat downbeat
The Riksbank’s company interviews were somewhat gloomier than expected. The economic situation is more or less unchanged since the previous report in September.