FOMC, July 27, 2022, Press Release – What has changed?

  Summary: Spending and production have softened. (Change) Job gains have been robust in recent months, and the unemployment rate has remained low (No Change) Inflation remains elevated,...


ECB Press Release July 21, 2022 – What Has Changed?

Summary strong commitment to price stability mandate (No Change) took further key steps to make sure that inflation returns to its 2% target over the medium term (Change) decided to raise the three...


Quarterly Market Commentary - 2022 Q2

The financial markets have not stabilized since last quarter.  Upside surprise for inflation, continuation of Russia invasion of Ukraine, slow recovery of the supply chain, and global central bank...


FOMC, June 15, 2022, Press Release – What has changed?

Summary: Economic activity edging down but household spending and business fixed investment remain strong. (No Change) Inflation remains elevated, reflecting supply and demand imbalances related to...


ECB Press Release June 9, 2022 – What Has Changed?

Summary The Governing Council decided to take further steps in normalizing monetary policy. Throughout this process, it will maintain optionality, data-dependence, gradualism and flexibility....


FOMC, May 4, 2022, Press Release – What has changed?

Summary: Economic activity edged down but household spending and business fixed investment remain strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the...


ECB Press Release April 14, 2022 – What Has Changed?

Summary The Governing Council judged that the incoming data since its last meeting reinforced its expectation that net asset purchases under its asset purchase programme should be concluded in the...


Quarterly Market Commentary - 2022 Q1

On March 11, 2020, the World Health Organization, officially declared a global pandemic. Two years hence, we are moving from a pandemic to an endemic. Endemic means that the infection has reached a...


FOMC, March 16, 2022, Press Release – What has Changed?

Summary: References to COVID-19 and vaccine removed. (Change) Job gains have been strong. (Change) Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher...


ECB Press Release March 10, 2022 – What Has Changed?

Summary ECB will ensure smooth liquidity conditions and implement the sanctions decided by the European Union and European governments. (New) Monthly net purchases under the APP will amount to €40...