Markets News Regulators 

Bullard says Pandora’s box has been opened on trade that will take a long time to resolve

“Louis Fed President James Bullard said markets may be too optimistic on the time it takes to reach trade deals” writes European Markets Editor for marketwatch.com. “Markets have had this idea that trade resolution was just around the corner,” he said.On the issue of soft versus hard economic data, he acknowledged that consumption data has been solid but said that was “backwards looking.”.  Source: marketwatch.com

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Policy Daily Review October 15, 2019

Policy Daily Review for October 15, 2019 Cuomo’s Cannabis Regulation Plan Could Change The Game New York, Connecticut and New Jersey will coordinate cannabis regulations. It could be a significant step forward.   BOC, ECB, & RBA Rate Expectations Drop as Global Recession Fears Cool – Central Bank Watch With Brexit on a path towards resolution and the US-China trade war looking like it will move past the impasse, fears of a global recession have abated sharply in recent days.   Notorious cannabis producer CannTrust will destroy $77 million of…

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Fed’s Bullard says ignoring the Treasury yield curve has burned him in the past

“Asked by MarketWatch, he declined to quantify a probability of recession and acknowledged that most estimates of them are based off the yield curve” writes European Markets Editor for marketwatch.com. There are a lot of valid reasons why the inversion of the U.S. Treasury yield curve — that is, the yield of short-term bonds being higher than that of longer-term securities — isn’t a sign of economic worries.Bullard, at a conference on monetary and financial policy in London, replied that he was burned twice as a Fed staffer in the…

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Policy Daily Review October 14, 2019

Policy Daily Review for October 14, 2019 BOC, ECB, & RBA Rate Expectations Drop as Global Recession Fears Cool – Central Bank Watch With Brexit on a path towards resolution and the US-China trade war looking like it will move past the impasse, fears of a global recession have abated sharply in recent days.   Fed’s Rosengren: Policymakers can be patient before deciding whether to take more action In his prepared remarks delivered at the University of Wisconsin-Madison on Friday, Boston Federal Reserve Bank President Eric Rosengren argued that p…

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Policy Daily Review October 11, 2019

Policy Daily Review for October 11, 2019 ECB will need to ease policy further – ABN AMRO Reviewing the European Central Bank’s (ECB) September meeting accounts that was published on Thursday, “When discussing the monetary policy stance and   Ethiopian Prime Minister Abiy Ahmed wins Nobel Peace Prize Ethiopian Prime Minister Abiy Ahmed has won the Nobel Peace Prize, in an upset victory as environmental campaigner Greta Thunberg was favored. The Nobel…   Cheer Up Image courtesy: i.ebayimg.com Have a nice trading!

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Policy Daily Review October 10, 2019

Policy Daily Review for October 10, 2019 Investor Debt Is A New Concern For Saudi Regulators As Aramco IPO Approaches Saudi regulators are expecting millions of Saudi investors to take out loans in order to buy shares in Aramco at the company’s IPO.   Why Financial Regulations Need To Change With The Times We need advocacy at the government and market-level to spread the importance of mandating standardized non-financial disclosures and the compounding positive impact of doing so.   FOMC minutes: Most fed policymakers believed 25 basis point cut needed…

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Gold settles higher, extends gains in electronic trade after Fed minutes

“Gold prices climbed on Wednesday to snap a three-session streak of declines, as traders eyed developments ahead of U.S.-China trade talks” writes Markets Commodities Reporter for marketwatch.com. Prices then extended those gains in electronic trading after minutes from the Federal Open Market Committee’s September meeting showed that Fed officials had grown more worried about the economy.In electronic trading, gold for December delivery GCZ19, +0.63% was at $1,513 an ounce shortly after the meeting minutes. The contract had climbed by $8.90, or 0.6%, to settle at $1,512.80 an ounce on Comex,…

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Powell sees cooler US hiring in possible hint of rate cuts

“In his speech, Powell also said the Fed plans to renew its Treasury security purchases to pump more cash into overnight money markets” reports thebusinessjournal.com. That step is intended to help keep short-term rates at their target level and isn’t needed to support the economy, the Fed chairman added.Corporate tax payments due at the end of the quarter and bond sales by the federal government had soaked up enough cash to send the overnight rates sharply higher. Source: thebusinessjournal.com

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Policy Daily Review October 8, 2019

Policy Daily Review for October 8, 2019 Why Financial Regulations Need To Change With The Times We need advocacy at the government and market-level to spread the importance of mandating standardized non-financial disclosures and the compounding positive impact of doing so.   Japan’s Abe: Hope BOJ to conduct appropriate policy to achieve inflation targets Japan’s Prime Minister Shinzo Abe on Tuesday said he expects Bank of Japan’s (BOJ) Governor Kuroda to make appropriate decisions to achieve the 2% inf   Japan Economic Minister Nishimura: There are worries among farmers from…

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Markets News Regulators 

Trump’s trade tweets have moved market’s Fed expectations, Goldman says

“By contrast, the bank said, “the evidence that President Trump’s trade-related tweets affect market expectations of Fed policy is strong.”” writes Holly Ellyatt for cnbc.com. “Once again, there are many tweets that garner little reaction, but there are also quite a few trade policy tweets that lead to sizable swings.There’s only “weak evidence” that President Trump’s tweets criticizing the U.S. Federal Reserve move market monetary policy expectations, Goldman Sachs said in a research paper published Monday, but there is “strong” evidence that his trade-related tweets do affect market expectations of…

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