March 14, 2022 | Daily JAM, Short Term, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and twelfth YouTube video “Trend of the Week: Central banks tighten faster than expected” went up today. This week I’m looking at tightening by central banks, including the Fed. I think that some of us expected that with the invasion of Ukraine, banks would pump the brakes on raising interest rates and reducing their stimulus. With its announcement last week that it would accelerate the reduction of bond buying, the European Central Bank sent the opposite signal, and that makes me think that the Fed will stay the course to raise rates as well when it reports this Wednesday. I look at the volatility in the treasury market and talk about some moves you can make to take advantage of changing and volatile yields.
December 8, 2019 | Daily JAM |
... central bank week. The Federal Reserve announces changes to U.S. benchmark interest rates on Wednesday, December 11. The central bank is expected to keep rates at current levels. The European Central Bank meets a day later, on Thursday, December 12. It too is...
September 9, 2019 | Daily JAM |
Will the European Central Bank revive its program of bond-buying when it meets on Thursday? The bank only ended this program of quantitative easing in December. The markets are currently pricing in a new program of 40 billion euros a month in bond purchases--plus a...
August 19, 2019 | Daily JAM, Morning Briefing |
Gotta love that financial market enthusiasm for central banks. Last week the markets rallied on signals from the European Central Bank that it would cut its key interest rate--now at a negative 0.40%--to a negative -0.50%, lower the rates that banks pay to borrow...
March 7, 2019 | Daily JAM, Morning Briefing, Short Term |
The European Central Bank announced a new stimulus package designed to reverse the slide in EuoZone economies. Today the bank announced that it had cut its forecast of EuroZone growth to 1.1% this year for a 1.7% forecast growth rate three months ago. The euro fell to...
November 26, 2018 | Daily JAM, Morning Briefing |
On December 13 the European Central Bank will decide whether to cap its $2.9 trillion program of bond buying as planned. The bank had decided that Europe's economy was strong enough for the central bank to wind down its purchases of bonds that have kept interest rates...
June 11, 2018 | Daily JAM |
Maybe you missed it amidst all the noise about the G7 meeting and the summit with North Korea, but... Argentina has asked the International Monetary Fund (IMF) for a $50 billion loan to support the country's economy and currency. The IMF is expected to approve the...
December 11, 2017 | Daily JAM, Mid Term |
Both Citigroup and JPMorgan Chase are now predicting that average interest rates across the world’s advanced economies will climb to at least 1% in 2018. That might not seem like much, but remember that major economies such as Japan and the European Union now have negative interest rates. Overall the two Wall Street megabanks are telling investors to get ready for the biggest tightening of monetary policy since 2006, before the global financial crisis.
September 7, 2017 | Daily JAM, EFNL, Morning Briefing |
At today’s meeting the European Central Bank announced that it would leave interest rates in negative territory and continue to buy debt assets at the current monthly rate. In his post-meeting press conference ECB president Mario Draghi noted that despite an increase in economic growth in the EuroZone to 2.3% year over year in the second quarter, the bank has yet to see a sustained increase in the rate of inflation that would lead to a change in policy.
August 20, 2017 | Daily JAM |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
June 9, 2017 | Daily JAM, Morning Briefing, Short Term |
Financial markets today shrugged off testimony from fired FBI director James Comey, a stunning election rebuke of Prime Minister Theresa May in UK elections, and a lack of news from the European Central Bank yesterday. The Standard & Poor’s 500 stock index is up 0.14% as of 12:30 p.m. New York time today. The only exception to the calm is the pound, which has tumbled almost 2% against the dollar
June 8, 2017 | Daily JAM, Morning Briefing |
At today’s meeting The European Central Bank dropped language saying that interest rates might fall further from its post-meeting statement. In April the bank had said that interest rates would remain at “present or lower levels for an extended period of time.” Today’s statement only says that interest rates would remain at “present levels for an extended period of time.”
