by Philip S. Chao | Aug 25, 2023 | Central Bank, Individuals, Institutions
Summary of Jerome Powell Remarks, Economic Policy Symposium, Jackson Hole, August 25, 2023 MOVING FORWARD: DETERMINATION Two percent is and will remain the inflation target. Committed to achieving and sustaining a stance of monetary policy that is sufficiently...
by Philip S. Chao | Jun 15, 2023 | Central Bank, Individuals, Institutions
Summary Decided to raise the three key ECB interest rates by 25 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 4.00% and 3.50%...
by Philip S. Chao | Jun 14, 2023 | Central Bank, FOMC, Individuals, Institutions
Summary: Economic activities continue to expand (No Change) Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated. (No Change) The U.S. banking system is sound and resilient. Tighter credit...
by Philip S. Chao | May 4, 2023 | Central Bank, Individuals, Institutions
Summary Decided to raise the three key ECB interest rates by 25 basis points; accordingly, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to3.75%, 4.00% and 3.25%...
by Philip S. Chao | May 3, 2023 | Central Bank, FOMC, Individuals, Institutions
Summary: Job gains have been robust in recent months, and the unemployment rate has remained low. (No Change) Inflation remains elevated. (No Change) The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely and...
