Discover and read the best of Twitter Threads about #Easing

Most recents (2)

Lets talk #New #Tools for #MonetaryPolicy...
The #Global #Financial #Crisis of 2007/08 taught the policy making world that something special beyond #Conventional #MonetaryPolicy was necessary to lift economies out of the economic malaise...tinkering with the key rates was not enough anymore...
To this end, #centralbanks in the developed world (The US, UK, Japan, The EuroArea) adopted what they termed #UnconventionalMonetaryPolicy #UMP which is characterised by #ForwardGuidance #NegativeInterestRatePolicy & #QuantitativeEasing...but, have they helped?
Read 10 tweets
Markets are still interpreting comments from NY @federalreserve Pres. John Williams as being indicative of dovish #Fed policy action, despite the central bank’s defense that these comments stemmed from long-term research. We think the #market is right to price in easing.
The central bank is considering significant #easing, but recent strength in June payrolls, and the bounce back in goods pricing in the last #CPI, suggest that it is not solely U.S. weakness driving the narrative, but preventive action based on fear of global slowing. Image
In line with our view that a rate cut is likely, we would point out that even with the decent Core #CPI number, Core #PCE is projected to be just under 1.7%, which is still well below Fed target. Image
Read 7 tweets

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