Donald Trump’s latest tirade against the head of the US central bank is so obviously negative for the dollar that you have to wonder whether the President is deliberately trying to undermine the US currency. Remarkably, the answer may indeed be ‘yes’. On Monday, Trump used his social media platform to call Federal Reserve Chair … Continue reading President Trump is gradually undermining confidence in the dollar, one tirade at a time
Tag: federal-reserve
Bank of England on hold until May
The Bank of England's latest decision on interest rates is announced on Thursday. Here's my take. (TL;DR - I predict a 'dovish hold', albeit with a couple of nagging worries.) The markets are almost certainly right to expect 'no change' this week, with the Bank’s key rate left at 4½%. After cutting by ¼% in … Continue reading Bank of England on hold until May
The Budget has just made the Bank’s job even harder
It is good to start for once with some praise for the Bank of England. After the Halloween Budget in the UK and the fireworks of election night in the US, the Bank’s Monetary Policy Committee helped to calm the nerves by delivering the expected quarter point cut in interest rates (to 4.75pc) on Thursday. … Continue reading The Budget has just made the Bank’s job even harder
Plain-speaking Economics 