Little Resolution to a Variety of Uncertainties Afflicting Investor Decisions March 24, 2025 (199) The dollar hardly moved against most other major currencies, sliding 0.2% against the Swiss franc, Mexican peso, Australian dollar and sterling, holding flat versus the Canadian dollar, but rising 0.2% relative to the South Korean won and New Zealand dollar. Bigger…
The Central Bank of Chile, in its March session, opted unanimously to maintain the policy interest rate at 5%. The board highlighted that since their previous meeting, global economic uncertainty has increased, driven by heightened geopolitical tensions and the introduction of new U.S. tariffs coupled with retaliatory measures from affected nations. This situation has notably…
Next Week’s Menu: March 22-28, 2025 March 21, 2025 Central Banks: Interest rate policies will be reviewed in Mexico, Hungary, Norway and the Czech Republic. Minutes from previous policy meetings are to be published for Brazil, Canada and Japan. Governor Bailey of the Bank of England will speak publicly. Special Event: British Exchequer of the…
Dollar, U.S. Stock Futures, 10-Year Treasury Yield and Prices of Oil and Bitcoin Down Marginally as Another Frenzied Week Winds Down March 21, 2025 Market Movements Overnight: The weighted DXY dollar index edged 0.1% lower overnight, with dips of 0.2% against the Swiss franc but no change versus the yen or euro. In pre-open futures…
A Central Bank Interest Rate Hike in Uzbekistan but a Cut in Switzerland March 20, 2025 Uzbekistan is a different case altogether, and its circumstances call for progressive tightening. Officials at the Central Bank of Uzbekistan today raised their policy rate by half a percentage point back to 14.0%, matching a level that prevailed from…
Central Bank Roll Call March 20, 2025 The immediate sigh of relief by market participants — expressed in higher share prices and a retreat of the 10-year Treasury yield — to yesterday’s Federal Reserve show quickly wore off during overnight hours. Less emphasis has been attached to the unchanged Fed signal of likely two interest…
Third Central Bank of Brazil Rate Hike of Full Percentage Point Since December March 19, 2025 The Brazilian Selic interest rate was lifted at today’s scheduled review to 14.25% from 13.25%. This third such increase within four consecutive meetings of COPOM establishes the highest level since October 2016 and 375 basis points above the 10.5%…
FOMC Statement, Projections and Press Conference March 19, 2025 No change was made in the assessment of the U.S. economy of solid growth and labor market conditions, low and stable unemployment, and somewhat elevated inflation. January’s statement called the economic outlook “uncertain and said risks were roughly balanced.” Today’s concedes a increase in the degree…
FOMC Meeting of March 2025 Preview March 19, 2025 The message after the January Federal Open Market Committee meeting seven weeks ago that ended in a paused interest rate target of 4.25-4.50% and continuing balance sheet reduction was, number one that monetary policy and the U.S. economy are in a good place; number 2 that…
Central Bank Rate Announcements, Geopolitical Uncertainties, and a Big Drop in the Turkish Lira March 19, 2025 The Federal Reserve and Bank of Japan head a list of five central banks making interest rate announcements today. The BOJ Board voted unanimously to leave its overnight call interest rate unchanged at 0.50%. That matches its highest…