Central Banks In the Forefront December 9, 2025 The Federal Open Market Committee’s two-day policy review begins today and is widely expected to cut the federal funds target interest rate by 25 basis points, matching the previous decisions in September and late October. A scheduled quarterly update of Fed forecasts and Chairman Powell’s press conference…
Investors Positioning for Likely Fed Reserve Rate Cut from FOMC Meeting that Starts Tomorrow December 8, 2025 (162) The 10-year U.S. Treasury yield rose five basis points overnight in anticipation of a 25-basis point cut likely to be announced on Wednesday. This increase exerted a similarly-sized increase in other 10-year sovereign debt yields, for example…
More of the Same: Gentle Dollar Down-Drift and Resilient Equities December 5, 2025 Friday has seen several data releases but without meaningful impact on world financial markets as 2025 draws closer to its end. Prior to the release of U.S. personal income & consumption, consumer confidence, and the all-important PCE price deflator, the dollar was…
Next Week’s Menu: December 06-12, 2025 December 4, 2025 Central Banks: The keenly awaited final FOMC meeting of 2025 will happen on Tuesday-Wednesday. An expected interest rate cut will be accompanied by updated forecasts and followed by Chairman Powell’s press conference. On the week’s busy calendar for central bank watchers, others that are scheduled to…
Lull in Data Flow Slows Pulse of Market Activity December 4, 2025 Thursday has been a comparatively inconsequential trading session. The dollar is narrowly mixed, dropping 0.3% against sterling but ticking 0.1% higher relative to the euro and yen. U.S. equities are holding but not extending yesterday’s rise. Japan’s Nikkei-225 played catchup, jumping 2.3%, and…
Dollar and Tech Stocks Stagger December 3, 2025 Around mid-day in NY, the dollar is showing losses from Tuesday closing levels of 0.9% against sterling, 0.6% relative to the kiwi, 0.4% vis-a-vis the yen and Aussie dollar, 0.3% versus the euro and Swiss franc, and 0.2% against Canada’s currency. The DXY weighted dollar measure is…
OECD Economic Outlook and November CPI Figures from November Top Today’s Data Calendar December 2, 2025 In overnight financial markets this Tuesday, the dollar climbed 0.3% against the Japanese yen but fell 0.3% versus the Australian dollar and by 0.2% vis-a-vis the Korean won. The greenback also edged 0.1% lower relative to the euro, loonie,…
Hawkish Sign from Bank of Japan and a Sluggish Sign in U.S. Manufacturing December 1, 2025 (163) The final month of 2025 kicked off with two concerning pieces of news to risk-taking investors. The first impulse came from a speech by Bank of Japan Governor Ueda that more convincingly than previous signals suggests that officials…
Unremarkable G20 Annual Summit and A Disappointing German Business Climate Survey November 24, 2025 (164) The 2025 summit of Group of Twenty government leaders, held over the weekend in Johannesburg, South Africa, will likely be remembered for the United States and Argentina boycotting the conference, which proved especially awkward because the U.S. is the designated…
Next Week’s Menu: November 22 – 28, 2025 November 21, 2025 Central Banks: Monetary stances will be reviews next week in New Zealand, Sri Lanka, South Korea and Kyrgyzstan. Minutes from the last reviews will be published by central banks in Australia and Euroland. The European Central Bank also releases its Financial Stability Review.The Federal…