News Regulators 

Fed’s Williams says rate policy must be patient, data dependent

“If those pressures cause the economic outlook to deteriorate, the Fed could pause rate hikes or adjust the path of balance sheet normalization, Williams said” reports businessinsider.com. But there is, he said, increasing anxiety in the markets about economic growth this year.Williams said the challenge facing policymakers in recent years is that inflation has been too low, not too high, suggesting that rate hikes used to slow price pressures may not be warranted.However, if conditions turn out to be less robust, then I will adjust my policy views accordingly.”.  Source:…

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News Regulators Reviews 

Policy Daily Review January 18, 2019

Policy Daily Review for January 18, 2019 In Argentina, If Macri Wins 2019, The IMF Wins Too Christine Lagarde needs Mauricio Macri. Macri might need Cristina Kirchner.   How To Survive The Federal Government Shutdown Here’s the best financial advice for the federal government shutdown.   UK: Government guidance says it will take a year to organise a second referendum – The Telegraph Christopher Hope, chief political correspondent and assistant editor for the Daily Telegraph, said, in a Twitter thread, that the government guidance   Jamaica’s central bank is using…

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GBP Markets News Regulators Stocks 

Prices gleam amid Brexit and US shutdown uncertainty

“During the 1980 Iran hostage crisis, gold prices spiked because prices were already high” writes Debbie Carlson for theguardian.com. Considering gold prices are hovering around $1,290 an ounce, it’s highly unlikely they will return to those earlier heights quickly.In the fourth quarter, Comex gold futures prices rose 7.1% as stock prices started to skid.The last time there was a showdown between a US president and Congress over government spending, gold prices shot up to an all-time high, about $1,925 an ounce. Source: theguardian.com

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News Regulators 

Palestinian forces soldier on amid Israeli raids, US neglect

“The funding and training of Palestinian security forces was historically seen as part of the process of building an independent state” writes The Associated Press for seattletimes.com. The U.S. has provided more than $850 million to support the Palestinian security forces since 2007, when it ramped up assistance after Hamas seized Gaza.It was the latest in a series of Israeli raids into urban areas that the Palestinians say undermine their own U.S.-trained security forces. Source: seattletimes.com

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News Regulators Reviews 

Policy Daily Review January 17, 2019

Policy Daily Review for January 17, 2019 Government Shutdown Will Barely Lower The Economic Forecast For 2019 The effect of the government shutdown will be small, not enough to overwhelm the national economy. The impact on particular people and particular businesses may be substantial, but not the impact on the country as a whole.   The government shutdown is making life even harder for farmers already struggling from Trump’s trade war | Markets Insider About a fourth of the government has been shut down since late December, making it the…

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Markets News Regulators 

Trading operations stung banks in fourth quarter but dovish Fed fuels hope

“But JPMorgan missed profit estimates for the fourth quarter as its bond trading revenue slump overpowered strong consumer loan growth” reports businessinsider.com. Goldman Sachs’ bond trading revenue slid 18 percent to $822 million, far from its peak of more than $6 billion.After being slow to address the spasms in financial markets, Fed officials in recent weeks have said they are mindful of how such moves have tightened financial conditions.The resulting volatility in equity, bond and commodity markets sent many investors to the sidelines, pushing down bond trading volume and hurting…

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News Oil Regulators 

The U.S. is no longer importing inflation, giving the Fed another reason to go slow

“Subdued inflation gives the Federal Reserve leeway to raise interest rates more slowly” writes Jeffry Bartash for marketwatch.com. Read: CPI shows consumer inflation falls for first time in nine months Also Read: US. wholesale inflation wanes at end of 2018, PPI shows Big picture: The decline in import prices follows a similar trajectory of U.S. wholesale and consumer inflation. Source: marketwatch.com

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News Regulators Reviews 

Policy Daily Review January 16, 2019

Policy Daily Review for January 16, 2019 Can The Government Shutdown Really Drive GDP To Zero? Here’s how long it would take for the shutdown to drive Trump’s beloved economy into the ground.   UK: Opposition leader Corbyn calls for vote of no confidence in the government Opposition Labour Party’s leader has recently called for a vote of no confidence in the government. Key quotes (via Reuters) That motion will be d   Fed’s Kaplan: Fed would be “wise” to wait on any further policy action Dallas Fed President Robert…

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News Regulators 

BOJ to cut price forecasts, keep rosy economic view: sources

“It will also issue a quarterly report analyzing Japan’s economy that will include fresh growth and inflation forecasts through the fiscal year ending in March 2021” reports businessinsider.com. The BOJ’s nine-member board is expected to slightly trim these forecasts to reflect recent declines in oil prices and the potential fallout from slowing global growth, the sources said.”Oil prices have fallen significantly since the BOJ’s previous projections in October and that will affect its upcoming forecasts,” one of the sources said.”But the underlying trend inflation remains solid,” the source added, a…

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