CAD/JPY

F/m Investments’ Washington, D.C., office is just a short drive from the Federal Reserve’s headquarters. But under the central bank’s new leadership, CEO Alexander Morris has found the distance feeling far greater. Fed Chairman Kevin Warsh embarked on an overhaul of the central bank’s forward-looking communication since taking the post in May. That move ...

Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, ...

This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but there’s not much conviction. All it would take to wash away those ...

The World Cup left stadiums packed and millions of fans euphoric in Mexico, but failed to lift a sluggish economy weighed down by weak investment and uncertainty over the upcoming review of the North American trade agreement (USMCA). The tournament, which ends Sunday after more than a month of matches across Canada, the United States, and Mexico, had Mexico ...

Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...

BoJ to keep rate unchanged at July meeting - Kyodo

Japan’s Prime Minister Takaichi says the government will promote investment in domestic financial assets, including by households and pension funds like GPIF. TAKAICHI: ENCOURAGING GPIF INVESTMENT IN JAPAN ASSETS IS KEY TAKAICHI: GPIF INVESTING IN DOMESTIC ASSETS WOULD HELP ECONOMY

Kevin Warsh is a man of catchphrases: task force, first principles, a good family fight. Catchphrases can be useful if we all attach the same meaning to them. Two days of hearings before Congress this week clarified that when Warsh commits to “price stability,” he attaches a different meaning to it than the rest of the Fed does. When I read “the Committee ...

video Jeffrey Lacker is a prolific writer about, and respected critic of, the Federal Reserve, a path that started when he joined the Federal Reserve Bank of Richmond as an economist in 1989 and then went on to become President of the bank from 2004 to 2017. Kno He continues his work at the SOMC, Shadow Open Market Committee, and at the Mercatus Center at ...

In the 3D game of chess we call the world, China is winning right now. I’m a China “hawk” for a number of reasons. For one thing, China has consistently played the role of global destabilizer since Russia’s Ukraine invasion in 2022. It’s only thanks to how much it’s ramped up its exports that Putin’s war economy hasn’t completely imploded. This is also why ...