Tag Archives: QT

Bank of Canada Governor Tiff Macklem said on Thursday that the decision to hike interest rates means ending reinvestments and moving towards Quantitative Tightening (QT) as “a natural next step”.The timing and pace of QT will be fully transparent, Macklem added, saying that when we initiate quantitative tightening, we do …

Private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that have produced a positive picture of the US labour market.The ADP National Employment Report on Wednesday suggest that …

The 10-year Treasury yield climbed above 1.8% Wednesday as Federal Reserve Chairman Jerome Powell offered an unusual degree of transparency for a Fed Chair, indicating that he endorses a quarter-percentage point increase when the central bank concludes its two-day policy meeting on March 16. Wednesday’s trading brought a respite to …

European Central Bank Chief Economist Philip Lane said on Wednesday that the central bank stands ready to take whatever action is needed to fulfill its responsibilities to ensure that price stability and financial stability in the euro area is maintained, reported Reuters. Key Quotes:“The medium-term orientation allows for inevitable short-term …

US Federal Reserve Chair Jerome Powell, testifying before Congress on the first day of his semi-annual speech, said that it is time to move away from highly stimulative monetary policy settings.Monetary policy cannot address supply-side challenges and constraints, Powell added, stressing that “The US economy is very strong, the labor …

Although several Wall Street banks and traders expected the Fed to chart a very aggressive course in normalizing policy due to surging inflation, that outlook has shifted amid the heightened tensions in Europe. Some observers suggest that Fed could adopt a less hawkish stance on the backdrop of the prevalent …

Bank of England policymaker Silvana Tenreyro said on Wednesday that she saw a point for higher interest rates to tackle inflation near a 30-year high, but the extent of tightening needed was uncertain.Financial markets currently price in BoE interest rates reaching nearly 2% by the end of this year, but …

Federal Reserve Governor Michelle Bowman said on Monday that she will assess incoming economic data over the next three weeks in deciding whether a half percentage point interest rate rise at the central bank’s next meeting in March is needed, a stance that underscores divisions among policymakers on how aggressively …

NY Fed President, influential FOMC member John Williams said on Friday that inflation is way too high right now, but there are some reasons for optimism that it will come down, according to Reuters. Additional Quotes:“Businesses that rely on people commuting to work in the office are seeing a slower …

The US Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and the first of July 2022, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for strong action from the Fed against stubbornly high inflation.“We are missing …