Saturday, October 30, 2021

Dollar Marking Time and Some Profit-Taking in Stocks

Wednesday has seen the release of more price data and several measures of economic confidence. Attention is poised to turn to central bank monetary policies. Up first today will be the Bank of Canada followed later in the week by statements from monetary authorities in Euroland, Japan, and Brazil. Stocks in several places touched record […]

* This article was originally published here

Friday, October 29, 2021

Bank of Canada Ends Bond Purchase Stimulus and Signals Slightly Earlier Interest Rate Lift-Off Timing

Canada’s policy interest rate has been at 0.25% since a trio of 50-basis point reductions in March 2020. While significant progress has been achieved toward economic and labor market recovery, that task has not yet been sufficiently completed. Various areas of the labor market are not yet all the way back to pre-pandemic conditions. Canada’s […]

* This article was originally published here

Thursday, October 28, 2021

Reflections on the 2021 MLB Baseball Playoffs

Unlike the other three major professional sports played in the United States, baseball as it was traditionally played changes the most influential position in each successive game. That would be the starting pitcher, who throws more innings than do relievers. In recent world series match-ups excluding the pandemic-abbreviated season of 2020, the 2019 series included […]

* This article was originally published here

Monday, October 25, 2021

Monetary Authority of Singapore Tightens Stance

Today, the Monetary Authority of Singapore, which targets the exchange rate rather than an interest rate and which reviews its stance only semi-annually, surprised analysts by raising the slope of the S-dollar’s allowed trading band. The band had been lowered in April 2020 as Covid hit to a slope of zero percent. Officials did not […]

* This article was originally published here