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.
Federal Reserve
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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.
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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.
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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.
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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.
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Fed will normalise sooner than expected
Schroders’ European economist dissects Yellen’s first FOMC meeting as Fed chair
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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.
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Difficult to argue with the bulls
One of the best maxims concerning financial markets is to be always distrustful of a consensus.
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World Bank warns over ending QE
World Bank report warns tapering measures could end in a car cash for emerging markets.
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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.
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Pimcos Gross Fed to stabilise policy until 2016
In a recent note entitled ‘On the Wings of an Eagle’, Gross, managing director of the bond giant, said moving into higher risk assets or leveraging higher quality assets had been the only options left open to investors as a result of negative real interest rates. But he felt that limitations were starting to show and…
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Jobs data reignites taper talk
The US economy was buoyed by over 200k new jobs in October, but commentators are still in two minds whether QE tapering will start before the end of the year.