Powell’s latest pivot won’t be his last
Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on Friday marked a significant dovish shift in…
The effectiveness and transmission of monetary policy in the euro area
My aim in this contribution is to provide a euro area perspective on the effectiveness and transmission of monetary policy.…
Germany’s August Ifo index adds to fears of never-ending stagnation
There is still no recovery in sight. After last week’s disappointing PMI readings, Germany’s most prominent leading indicator, the Ifo…
China central bank rolls over maturing loans, injects cash
China’s central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations…
India’s growth likely slowed to 6.9% last quarter as government spending lagged
India’s economic growth likely moderated and grew at its slowest pace in a year in the April-June quarter due to…
US business spending on equipment shows signs of cooling in July
New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower,…
US core capital goods orders dip in July
New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower,…
Fed’s shift to job market risks is done; now policy has to catch up
In 2022, when the Federal Reserve’s focus shifted to combating inflation, it had to ratchet up interest rates fast to…
Darkening global outlook, central bank pivots signal more turbulence
Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global policymakers at the…
Lane warns ECB risks falling behind on easing; Evercore flags policy concerns
On day two of the Jackson Hole symposium, Philip Lane, Chief Economist of the European Central Bank (ECB), delivered insights.…