US passive aggressive offers glimmers of hope
One of the most striking divergences since the start of the global financial crisis has been the speed and magnitude of the US recovery relative to that of the rest of the world.
Federal Reserve
-
-
Worldwide waiting game as the Fed stalls
Assessing the health of the global economy is a bit like watching the Commonwealth Games; each triumph is something to celebrate, yes, but you wonder what difference it would make if the Americans got involved.
-
Credit Suisse pleads guilty in US court and agrees
Credit Suisse has pleaded guilty to conspiracy to assist US customers in presenting false income tax returns and has paid a settlement to the US Government of $2.8bn.
-
stick or twist for equities
The bull market in equities is more than five years old, with massive injections of liquidity from the worlds central banks, led by the US Federal Reserve, fuelling the rally.
-
Could the Bank of England be the first to blink
The nature of historically low interest rates is that the only way is up, but which central bank will make the first move, and when, is a matter of fierce debate.
-
US Fed like the Oracle of Delphi
Gustavo Medeiros, portfolio manager at Ashmore, has compared the US Federal Reserve to the Oracle of Delphi in its ambiguity.
-
one accident away from inflation anguish
The continuation and intensification of ultra-low interest rates has amplified the chance of capital misallocation with central banks one accident away from a wave of inflation, according to Ruffers Steve Russell.
-
Fed will normalise sooner than expected
Schroders’ European economist dissects Yellen’s first FOMC meeting as Fed chair
-
Hysterical criticism Fed forward guidance unfair
Contrary to popular opinion, forward guidance was not a promise and was only ever intended as an expectations-management tool to ease financial conditions when slack in the economy was judged too great.
-
Difficult to argue with the bulls
One of the best maxims concerning financial markets is to be always distrustful of a consensus.
-
World Bank warns over ending QE
World Bank report warns tapering measures could end in a car cash for emerging markets.
-
Taper not Selfie was the word of 2013
With tapering one of the most overused financial phrases of 2013, we look for forward guidance to be the dominant phrase for 2014.