-
SNB's December meeting
From swissmacroandhistory.substack.com
With no economist in a recent Bloomberg survey expecting a rate cut, and markets putting less than a 10% chance on one, the SNB’s 11 December meeting looks like a done deal. It is easy to see why. Chairman Schlegel has repeatedly emphasised that the SNB’s focus is not on the current rate of inflation but on price stability over the medium term. The fact that inflation has fallen from 0.2% in August and September to 0% in November — and thus remains compatible with the SNB’s 0–2% definition of price stability — does not by itself require a policy response. He has also made clear that while the SNB stands ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).
The number of job openings was unchanged at 7.7 million in October, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.1 million. Within separations, both quits (2.9 million) and layoffs and discharges (1.9 million) were little changed. This release includes estimates of the number ...
The Federal Reserve is poised to deliver its third straight interest rate cut Wednesday, while simultaneously firing a warning shot about what’s ahead. Following a period of remarkable indecision about which way central bank policymakers would lean, markets have settled on a quarter percentage point reduction. If that’s the case, it will take the Fed’s key ...
