Discover and read the best of Twitter Threads about #monetarypolicy

Most recents (24)

With respect to today’s #inflation data, core #CPI (excluding volatile food and energy components) came in at 0.24% month-over-month and 4.04% year-over-year and was driven higher by strong increases in the #rent components, which have a tendency to be persistent.
Further, headline #CPI data printed at a solid 0.41% month-over-month and came in at 5.38% year-over-year.
Today’s data witnessed declines in used vehicles, #airfares and lodging, which should temper #market concerns somewhat, but we anticipate that these components are likely to see #prices bounce back in the months to come.
Read 10 tweets
As expected, the @federalreserve’s Federal Open Market Committee continued to discuss its plans to reduce, or #taper, the pace of its #AssetPurchase program at yesterday’s meeting.
While the details of this discussion were fairly sparse, the Committee statement did state that: “If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted.”
Further, at the recent #Fed conference in Jackson Hole, Wyo., and at the press conference, Fed #ChairPowell emphasized that both he and most Committee participants now consider the test of “substantial further progress” toward the #inflation mandate to be largely satisfied.
Read 10 tweets
In August we saw #inflation growth moderate further, for the second consecutive month, at least relative to the impressive rate of growth in #prices witnessed around mid-year.
Core #CPI (excluding volatile food and energy components) came in at 0.10% month-over-month and 3.98% year-over-year, which was considerably less than the consensus forecast and was driven higher by #shelter components.
Meanwhile, headline #CPI data printed at a solid 0.27% month-over-month and came in at 5.20% year-over-year.
Read 11 tweets
Inflation data for July moderated somewhat, at least relative to the heady pace of recent months, which should temper #market and policymaker concerns a bit, despite the fact that #inflation will stay sticky-higher for a while and the #risk remains to the high-side.
Core #CPI (excluding volatile food and #energy components) came in at 0.3% month-over-month and 4.3% year-over-year, a bit less than the consensus forecast, and headline CPI data printed at a solid 0.5% month-over-month and came in at 5.4% year-over-year.
While we think that it’s hard to see a case for the recent levels of elevated #inflation turning into “1970s style” runaway price increases, higher #wages and elevated growth for an extended period will allow companies to achieve higher levels of #PricingPower for a time.
Read 7 tweets
#MonetaryPolicy विषयी @RBI चे गव्हर्नर @DasShaktikanta यांचे संबोधन

📅 - आज, 6 ऑगस्ट
⏰- सकाळी 10 वाजल्यापासून थेट

आर्थिक पतधोरण आढावा संबोधन🎥:

पतधोरणानंतर आज दुपारी 12 वाजता पत्रकार परिषद होईल

पत्रकार परिषद लिंक 👉
📡थेट पहा📡

#MonetaryPolicy विषयी @RBI चे गव्हर्नर @DasShaktikanta यांचे संबोधन

पहा
.@RBI ने रेपो दरात कोणताही बदल न करता रेपो दर 4% कायम राखला.

रिव्हर्स रेपो दरही कोणत्याही बदलाविना 3.35% वर कायम.

पतधोरण आढावा समितीची 4, 5 आणि 6 ऑगस्टला बैठक झाली.

- @DasShaktikanta , गव्हर्नर, आरबीआय

Read 24 tweets
Watch @RBI Governor @DasShaktikanta's address on #MonetaryPolicy, today at 10 AM

📅 - 06 August
Live from ⏰- 10 AM

Monetary Policy Address🎥:

Post policy Media conference today at 12:00 Noon
PC Link:
📡LIVE Now📡

#MonetaryPolicy Statement by @RBI Governor @DasShaktikanta

Watch
MPC voted unanimously to leave Policy Repo Rate unchanged at 4%

Also decided on a 5 to 1 majority to continue with the accommodative stands as long as necessary to revive growth on a durable basis and continue to mitigate the impact of #COVID19

- @RBI Governor @DasShaktikanta
Read 28 tweets
Today’s robust #inflation data surprised in its strength and will likely persist in the short-run, and in some areas the intermediate-term, although we think that long-term the @federalreserve is largely correct in identifying real #economy price gains as mostly #transitory.
Much of today’s #inflation is due to reopening factors and supply constraints, but as #SupplyChains normalize from Covid-related shocks and #inventories rebuild, we expect much of the recent inflation will be transitory, with some stickiness in pricing pressure longer-run. Image
That may be especially the case where #inventory levels are harder to build up quickly and continued #demand from higher levels of #growth persist for at least the next year, or so.
Read 9 tweets
1/
Interesting Paper from @blackrock from June 2019

Relates to the need for monetary policy in coordination with fiscal
#monetarypolicy #fiscalpolicy #Fed #economics
#bitcoin #BTC #inflation

blackrock.com/corporate/lite…
2/
"An extreme form of “going direct” would be an explicit and permanent monetary financing of a fiscal expansion, or so-called helicopter money. Explicit monetary financing in sufficient size will push up inflation."
3/
"Without explicit boundaries, however, it would undermine institutional credibility and could lead to uncontrolled fiscal spending."
Read 5 tweets
Is there an incoming policy error by the Federal Reserve? $DXY #FederalReserve #Dollar #Policy #Fed

Thread 1/
Over the past several weeks, we have seen significant Central Bank actions globally. This reflects a market flush with cash and a desire by the Federal Reserve to hold short-term rates positive. 2/
Mid-June 2021 FOMC Summary:
1. Unchanged rate and QE policy
2. Reverse Repo rate increase to 5bps
3. IOER increase to 15 bps
4. Dot plot showing rate hikes sooner than expected
3/
Read 17 tweets
Daily Bookmarks to GAVNet 05/30/2021 greeneracresvaluenetwork.wordpress.com/2021/05/30/dai…
Solar Storms Are Back, Threatening Power Grids and Satellites

bloomberg.com/news/articles/…

#SolarStorms #PowerGrids #satellites #consequences
As Covid dissipates in the U.S., cold and flu viruses may return with a vengeance

statnews.com/2021/05/27/as-…

#COVID19 #colds #flu #CaseCounts #estimates
Read 10 tweets
Watch @RBI Governor @DasShaktikanta's address on #MonetaryPolicy, today at 10 AM

📅 - April 7
Live from ⏰ - 10 AM

Join 🎥 
Policy Repo Rate unchanged

#MonetaryPolicy Committee (MPC) met on 5, 6 & 7 April, 2021

The MPC voted unanimously to leave the Policy Repo Rate unchanged at 4%

- @RBI Governor @DasShaktikanta
Read 14 tweets
Daily Bookmarks to GAVNet 03/27/2021 greeneracresvaluenetwork.wordpress.com/2021/03/28/dai…
Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan

sciencedirect.com/science/articl…

#MonetaryPolicy #InterestRates #GDP #NominalGrowth
Read 8 tweets
Daily Bookmarks to GAVNet 02/05/2021 greeneracresvaluenetwork.wordpress.com/2021/02/05/dai…
Oil: Shell reports sharp drop in full-year profit, raises dividend

cnbc.com/2021/02/04/oil…

#oil #dividend #profit
The need for the U.S. to improve data on the COVID pandemic

usatoday.com/story/opinion/…

#pandemic #COVID19
Read 10 tweets
.@JanetYellen at Senate Finance Committee hearing in response to @SenWhitehouse on #climatechange: "I will look to appoint someone at a very senior level to lead our efforts and to create a hub within @USTreasury in which we particularly focus on ... (1/4)
... financial system-related risks and #taxpolicy incentives toward climate change. I think we need to seriously look at assessing the risks to the financial system from climate change. The @federalreserve has recently said that they would be joining the @NGFS_ They are ... (2/4)
... developing methodologies to do that and we'll focus on that. ... climate change is an existential threat, and both the impact of climate change itself and policies to address it could have major impacts creating ... (3/4)
Read 4 tweets
Daily Bookmarks to GAVNet 12/09/2020 greeneracresvaluenetwork.wordpress.com/2020/12/09/dai…
A New Theorem Maps Out the Limits of Quantum Physics | Quanta Magazine

quantamagazine.org/a-new-theorem-…

#physics #quantum #limits
Elementary particles part ways with their properties

phys.org/news/2020-12-e…

#physics #particles #quantum
Read 8 tweets
Daily Bookmarks to GAVNet 11/24/2020 greeneracresvaluenetwork.wordpress.com/2020/11/24/dai…
California Exodus: An online industry seizes COVID-19 to sell the Red State Dream

calmatters.org/economy/2020/0…

#california #COVID19 #emigration
The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being

nber.org/papers/w28106

#EconomicWellBeing #QualityOfLife #CashTransfers #psychotherapy
Read 8 tweets
Patience and Diligence - Gold Technical Analysis: "Make the market prove to you it wants to do something, don’t try and prove to the market it should do something." - by @TraderStef for #CrushTheStreet #TechnicalAnalysis #Gold crushthestreet.com/articles/preci…
Read 14 tweets
Working with a competent investment adviser could help you find the right risk-reward. We see value in selective credit and medium term strategies: ithought.co.in/fixed-income-o…

#rbipolicy #FixedIncome
Looking for an #investment adviser? We’ll let our clients speak for us. DM to schedule an appointment with our team.
Highlights of the October #monetarypolicy:
Read 5 tweets
As we head into the U.S. #election, there will continue to be a lot of noise that may lead to near-term #market #volatility, particularly since (as we’ve long argued) #markets appear to be able to only focus on one thing at a time!
Still, at times like this it’s crucial to focus on more consequential factors that will drive #markets in the years ahead: in this case, the powerful combination of @federalreserve #monetarypolicy and #fiscal rescue measures intended to keep the #economic engine on track.
So, while many will continue to be skeptical of the sustainability of this #economic recovery, we’ve been impressed by its strength, particularly in the #interest-rate-sensitive segments of the #economy, like #housing, which is going through the roof!
Read 8 tweets
I am humbled and privilleged to note that my #Research paper; "Sources of #Unemployment in #Lesotho" is now available and can be accessed via the People's Republic of #China's National #Science and #Technology #Library - #NSTL. I give thanks 😎 Image
So far this year, I have successfully published three #Research articles in #Macroeconomics & #Finance, with another two in press. I am currently hammering away at a handful of working papers which will most certainly find a home in reputable #Journals, come 2021 🙏🏽🙂 Image
Im currently internalising the very insightful reviewer comments on my latest #Research paper titled; "Investigating Determinants of Commercial Bank Spreads in #Lesotho", from the good folks over at the globally reputable #International #Journal of #Finance & #Economics #IJFE 😊 ImageImage
Read 52 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
The @federalreserve’s #JacksonHole Policy Symposium has typically been thought of as an event of #academic contemplation, rather than of active #policy innovation, but 2020’s event proved to be the exception to the rule.
That’s because #Fed #ChairPowell surprised many by introducing the #FOMC’s Statement on Longer-Run Goals and Monetary Policy Strategy, which was not expected until later in the year.
In many respects, the Strategy statement represents a mirror image to the #Fed’s stance more than a generation ago, in August 1979, when Chair Paul #Volcker took over leadership of the central bank…
Read 7 tweets

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