Fed’s Warsh says he will lead reform at the Fed

Fed’s Warsh says he will lead reform at the Fed

Freshly-minted Federal Reserve (Fed) Chair Kevin Warsh delivered his first public speech as head of the Fed on Friday, delivering his key talking points after being sworn in. Key Warsh highlights Ours is a time of great consequenceNot naive about challenges we faceWill lead a reform-oriented FedWill learn from past mistakes and successesInflation can be […]

Weak PMIs and higher inflation forecasts – Rabobank

Weak PMIs and higher inflation forecasts – Rabobank

Rabobank’s Senior Macro Strategist Teeuwe Mevissen reports that Eurozone growth indicators have deteriorated, with French and German PMIs signaling contraction and the German IFO near a five-year low. The European Commission has cut its GDP projections and raised inflation forecasts for the EU and Eurozone. Mevissen stresses the policy dilemma for the ECB and expects […]

Australian Dollar slumps against US Dollar as hawkish RBA bets fade

Australian Dollar slumps against US Dollar as hawkish RBA bets fade

The Australian Dollar (AUD) is down 0.25% to near 0.7130 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair faces intense selling pressure as fading hawkish Reserve Bank of Australia (RBA) bets, following the release of the weak Australian employment data for April, have diminished the appeal of the […]