German Bundesbank President Jens Weidmann, a leading but controversial candidate to take the helm of the European Central Bank, pushed back in a Financial Times interview on the idea that the nationality of the institution’s head is an important consideration.
‘This discussion about a candidate’s nationality is ‘completely absurd. I mean, would you have asked if this institution is right for an Italian?’
Bullard (anti DOT guy) was commenting on a chart showing inflation for technology goods at very low levels but the growth of services (education, medical etc) at extraordinarily high levels over the past 20 (?) years - can't find the chart on the CNBC site BUT in a service based economy he suggested that technology mis-measurement might mean inflation is actually lower / he is in economic wonderland
The Fed Minutes had a lengthy discussion about inflation - they don't have a clear idea of causes or levels -- this is going to bite them as the balance sheet de-hoarding and rate hikes ("lower for longer") continue
dc CB 12:16:23 GMT - 02/22/2018
Things must be really going down the tubes fast. Bullard out twice so far this month, moving his MOUTH for a bounce.
Bullard Calms Market Nerves: "Everything Needs To Be Perfect" For Fed 4 Rate Hikes
GVI Trader john 11:21:27 GMT - 02/22/2018
Hard to believe I agree with Bullard. Four hikes this year is looking increasingly unlikely to me. Looks like the bond market is taking control of policy. Watch the 10-yr yield.
GVI11:18:47 GMT - 02/22/2018
Fed's Bullard (dove, non-voter): Not behind view for 4 rate hikes in 2018 "unless everything goes perfect" - CNBC
- Source TradeTheNews.com
GVI Trader john 09:31:31 GMT - 02/22/2018
Slight miss in UK GDP revision.
GVI Trader john 09:30:41 GMT - 02/22/2018
UK GDP-- 4Q17
-- NEWS ALERT --
QQ +0.40% vs. +0.50% exp. vs. +0.50% prev.
YY +1.40% vs. +1.50% exp. vs. +1.50% prev.
KAPLAN SAYS U.S. IS LIKELY TO MAKE PROGRESS TOWARD 2 PCT INFLATION GOAL THIS YEAR
PAR15:38:07 GMT - 02/21/2018
Fed not worried about inflation , FED not worried about massive government debt , not worried about money laundering thru crypto .
FED only worried when stock market goes down 1.5 % .
Mtl JP 15:34:07 GMT - 02/21/2018
Kashkari: I don't see signs of imminent financial crisis building
Kashkari: Fed not trying to engineer certain level of stock market
Kashkari says he hopes inflation is picking up
My message re inflation to kashkari:
I hope interest rates go uP
the faster and the higher better (for me)
dc CB 15:19:46 GMT - 02/21/2018
not really. People "buy" the Monthly Payment. Ask any RE Agent about the tried and true sales pitch.
NAR sez it's all about "inventory".
"If inventory conditions can improve enough to cool the swift price growth in several markets, most prospective buyers should be able to absorb the higher borrowing costs.”
Dillon AL 15:15:25 GMT - 02/21/2018
CB you make a mistake the millennials are actually all waiting quietly in the wings for the parents to pass . In between time they are quite happy to utilize the parents 2nd and 3rd homes for their vacations and then they return home to mummy and daddy to get their washing done and to be fed on the weekend
dc CB 15:13:01 GMT - 02/21/2018
The median existing-home price in January was $240,500, up 5.8% from January 2017.
First-time buyers were 29 percent of sales in January, which is down from 32 percent in December 2017 and 33 percent a year ago: NAR
PS: to a Millenial - a 3% Down Payment don't mean Sheit, when the monthly Nut on $200K on Top of the Student Loan Nut.....
GVI Trader john 15:08:40 GMT - 02/21/2018
Weak existing Homes Sales continues
GVI15:05:10 GMT - 02/21/2018
Fed's Kashkari (dove, non-voter): statement's inclusion of word 'further' signaled we're continuing the path we are on; we debate each word change in the statement - Do not want to over react to one months inflation data - Source TradeTheNews.com
GVI Trader john 15:00:37 GMT - 02/21/2018
U.S. Existing Homes Sales (mln) January 2018
p.a. s.a.: 5.380 vs. 5.600 exp. vs 5.57 (r. 5.60) prev.
BOE Gov Carney: will not commit to a precise rate path - testimony with members Broadbent, Haldane and Tenreyro - We are not currently in exceptional circumstances
- More withdrawal of stimulus will be necessary in the coming years
- Source TradeTheNews.com
Mtl JP 13:40:34 GMT - 02/21/2018
and why not then remains a mystery if it is not old recycled news
Mtl JP 13:29:35 GMT - 02/21/2018
Jay Meisler 13:23 "but not this time" according to JM 13:06
GVI Trader Jay Meisler 13:23:27 GMT - 02/21/2018
News algos react to headlines and keywords.
Mtl JP 13:11:01 GMT - 02/21/2018
because it is old , recycled news
NY JM 13:06:01 GMT - 02/21/2018
In other times this type of headline would have seen a pop in EURUSD but not this time. .
GVI12:57:25 GMT - 02/21/2018
ECB said to be looking to gradually amend its forward guidance before it ends its asset purchase program - dealers - The change in language may not come at the March policy meeting
- Source TradeTheNews.com
GVI Trader john 09:34:38 GMT - 02/21/2018
Mixed UK data.
GVI Trader john 09:32:59 GMT - 02/21/2018
U.K. Employment December 2017/January 2018
-- NEWS ALERT --
Claimant Count (000): -7.2K vs. 4.1K exp. v. +8.6K (r +6.2K )prev.
ILO Rate: 4.40% vs. 4.30% exp. vs. 4.30% prev.
earnings: 2.50% vs. 2.50% exp. vs. 2.50% (r ) prev.
earnings x-bonus: 2.50% vs. 2.40% exp. vs. 2.40% (r 2.30%) prev.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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