• Sunday, August 28, 2016 - 19:04 Cleveland Fed's Mester: 'Compelling' Case For Rate Hike: Press 0


    SINGAPORE (MNI) - Cleveland Federal Reserve Bank President Loretta Mester said that there is now a "compelling" case for the Fed to raise interest rates in the near future, according to an interview with the Financial Times published Sunday.

    Mester, a voter this year on the Fed's policymaking Federal Open Market Committee, declined to say how she would vote at the FOMC's next meeting in September. Rather, she told the FT, she wanted to review the latest data and hear the views of her central bank colleagues.

    Speaking at the Fed's Jackson Hole policy symposium, she said: "Making another gradual step - there is a compelling case for that."

    Mester also said that the Fed is "about there" in terms of maximizing...

  • Sunday, August 28, 2016 - 18:10 BOJ Kuroda: No Doubt Ample Room For Additional Easing 0


    -- Current Level of Negative Interest Rate Far From Lower Bound

    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said that the BOJ has ample room for additional easing and would take additional easing steps "without hesitation" to achieve its 2% price target, if necessary.

    "QQE (Quantitative and Qualitative Monetary Easing) with a negative interest rate is an extremely powerful policy scheme and there is no doubt that ample space for additional easing in each of these three dimensions (quantity, quality, and the interest rate) is available to the BOJ," Kuroda said Saturday at the Jackson Hole Policy Symposium held by the Federal Reserve Bank of Kansas City.

    The BOJ released his speech...

  • Sunday, August 28, 2016 - 18:00 Analysis: Yellen Not Ready to Change Monetary Policy Framework 0


    By Karen Mracek

    JACKSON HOLE, WYO.

  • Saturday, August 27, 2016 - 19:39 Fed Speak: Comments From FOMC Members - Jackson Hole Edition 0


    JACKSON HOLE, Wyo.

  • Saturday, August 27, 2016 - 11:00 Jackson Hole: Former Fed Gov Proposes Keeping Big Bal Sheet 0


    By Karen Mracek

    JACKSON HOLE, Wyo. (MNI) - A former Federal Reserve governor and two of his Harvard colleagues suggest in a new paper Saturday the U.S.

  • Friday, August 26, 2016 - 16:52 Canada Data Prev: 2Q GDP To Contract Than BOC Fcast 0


    By Yali N'Diaye

    OTTAWA (MNI) - Dragged down by a poor export performance and weaker oil sands production due to the Alberta wildfire, Canada's GDP is seen contracting by 1.8% in the second quarter on an annualized basis.

    At best, analysts in a MNI survey expect the contraction to be limited to 1.4%, which would still be worse than the 1.0% decline expected by the Bank of Canada.