Central Banks

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Kansas City Federal Reserve President George joins the 'bleeding obvious camp' mulling she is "mindful that rate cuts could increase financial instability which Fed has limited ability to counteract."

Former Bond King Bill Gross commented Tuesday again on 'fake markets' saying the boost from negative interest rate yields may have reached an end, warning that lower rates won't boost stock markets further when he released his first investment outlook, “The Fixx”, since retiring from Janus Henderson this year.

Fed Chairman Powell in his Denver speech likened now to mid 90s modest rate cuts and says that's the 'spirit' of current cuts. He sees no reason why the expansion can't continue and policy actions are providing support for the outlook.

The Reserve Bank of Australia cut interest rates in October. The RBA cut rates to a historic low of  0.75 per cent. RBA was not content with the pace to reduce joblessness and of achieving progress towards it's inflation target

Brazil's central bank Banco Central do Brasil followed the Federal Reserve's 25bp cut with a 50bps cut to record lows in a unanimous decision saying global economic outlook uncertain ands risks of greater slowdown persist.

The Federal Reserve as expected cut rates to 2.00 -.25% after a two day meeting on Wednesday with Jerome Powell as Chairman. Markets had priced in a 67% chance of the Change. Says Labor market remains strong with moderate economy.

ECB cut deposit facility interest rates 10 bps to .50% and leaves rates the main refinancing operations and the interest rates on the marginal lending facility unchanged. Softer than many expected. Announces rate tiering, and reintoduces QE

The Federal Reserve Bank of New York August 2019 Survey of Consumer Expectations showed inflation expectations in August fell 0.2% to 2.4%. This is the lowest since the series began in 2013. The three-year survey fell to 2.5% from 2.6%.

The Bank of Canada held its key lending rate at 1.75 percent on Wednesday as expected. The BoC said escalating trade conflict casts doubt on global outlook but Canada's economy is returning to growth around potential, as expected and inflation is on target.

The Reserve Bank of Australia kept interest rates unchanged in September. The RBA in July cut rates to a historic low of 1.00 per cent for the second month in a row after 33 consecutive months at 1.50%. RBA plans to reduce joblessness and to achieve progress towards inflation target

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