Scott Minerd was hoping the Fed would provide a stronger indication about when it was going to start reducing its $4.5 trillion balance sheet.
*Fed sees slowing growth as transitory. NEW YORK, May 3- Benchmark U.S. The Fed doesnt need the economy to excel from where it is now in order to raise rates further, said Lou Brien, a market strategist at DRW Trading in Chicago.
With inflation within its target range, the RBA will likely be comfortable leaving rates on hold, explains Suncorp Chief Economist Steven Milch.
*But talk of extending OPEC- led output cuts supports prices. TOKYO, May 1- Oil prices edged down on Monday as a disappointing Chinese economic survey clouded the outlook for demand, although talk that OPEC- led crude output cuts could be extended continued to offer support. NYMEX crude for June delivery was down 12 cents at $49.21 a barrel by 0619 GMT.
IMF Director of the Middle East and Central Asia Department Jihad Azour talks about the economic state of Egypt, with comment on why inflation in the country needs to be addressed.
ISTANBUL, April 28- Turkey's central bank raised its inflation forecasts for this year and next on Friday and said it was ready to tighten policy further if needed, but added it was confident that its recent steps would start to bear fruit in the months ahead. Governor Murat Cetinkaya said monetary policy would remain tight until there was a significant...
*Spanish economy beats forecasts, Austria, France also grow. LONDON, April 28- Euro zone bond yields rose across the board and the euro strengthened on Friday as economic output data from several countries reaffirmed economic strength in the bloc and furthered the case for tighter monetary policy. European Central Bank chief Mario Draghi struck a cautious note...
*March nationwide core CPI +0.2 pct yr/yr vs f'cast +0.3 pct. TOKYO, April 28- Japan's core consumer prices rose at a slower than expected pace in March and household spending fell more than expected in a worrying sign for the central bank that domestic demand won't be strong enough to generate sustained inflation. "I think the BOJ will have to downgrade its...
While other economic data appears to be improving, inflation still remains weak, says Takuji Okubo from Japan Macro Advisors.
The U.S. bond market is signaling investors have scaled back their outlook for an inflation pickup as skepticism sets in about whether President Donald Trump will be able to deliver on pledges for major tax reform and an infrastructure spending binge. It really accelerated after the failure of healthcare reform, "said Steve Kang, Citi's interest rate...
*ECB may talk of rosier economic outlook. LONDON, April 27- Euro zone government bond yields nudged up on Thursday with the bloc's central bank expected to reiterate Japan's acknowledgment of better growth prospects in a move that could pave the way towards tighter monetary policy. The European Central Bank's meeting on Thursday comes immediately after solid...
*ECB may talk of rosier economic outlook. LONDON, April 27- Euro zone government bond yields nudged up on Thursday with the bloc's central bank expected to reiterate Japan's acknowledgment of better growth prospects in a move that could pave the way towards tighter monetary policy. The European Central Bank's meeting on Thursday comes immediately after the...
Jane Foley, head of FX strategy at Rabobank, discusses potential monetary policy moves from the Bank of Japan.
The Bank of Japan raised its economic forecasts at its policy meeting outcome on Thursday, but it kept policy steady.
David Miller, executive director at Quilter Cheviot, and Robin Bew, CEO at The Economist Intelligence Unit, discuss investment strategies.
The ECB is breathing a sigh of relief after the first round of the French election but they are unlikely to change their policy stance until June.
*Canadian dollar at C $1.3456, or 74.32 U.S. cents. *Loonie hits strongest since April 19 at C $1.3410. That reduced the risk of another shock like' Brexit,' Britain's impending exit from the European Union, that could weigh on the global economic outlook.
Inflation in Singapore came in below expectations in March, data released Monday showed, as residential rents continued to spiral lower.
John Taylor, Hoover Institution, shares his thoughts on regulation, Federal Reserve policy and monetary stability.
John Taylor, Hoover Institution, discusses the likelihood of a rate hike, and Federal Reserve policy.