The Canadian Dollar Ends Worst Week In Three Months: Spotlight on Economic Conditions and Monetary Policy

(This is an excerpt from an article I originally published on Seeking Alpha on October 25, 2015. Click here to read the entire piece.) On October 21st, the Bank of Canada issued its latest statement on monetary policy. While the Bank of Canada (BoC) left interest rates unchanged, it slightly lowered its growth forecast over … Read more

The Bank of Japan Maintains Stimulus Levels Even As Inflation Sits Well Below Target

(This is an excerpt from an article I originally published on Seeking Alpha on October 7, 2015. Click here to read the entire piece.) The Bank of Japan put on a brave face as it announced its latest decision on monetary policy (October 7, 2015) with a big miss on its inflation target looming in … Read more

The Simple Calculus for the Timing of The Fed’s First Rate Hike

“…I expect that inflation will return to 2 percent over the next few years as the temporary factors that are currently weighing on inflation wane, provided that economic growth continues to be strong enough to complete the return to maximum employment and long-run inflation expectations remain well anchored. Most FOMC participants, including myself, currently anticipate … Read more

It Is A Low Rate World – Get Used to It

(This is an excerpt from an article I originally published on Seeking Alpha on September 24, 2015. Click here to read the entire piece.) {snip} After reading the actual speech by Andrew Haldane, titled ominously “How low can you go?,” I realized that the BBC had overly focused Haldane’s concluding remarks. I can understand the … Read more

An Anti-Climactic Fed Meeting On the Path of Policy Normalization

(This is an excerpt from an article I originally published on Seeking Alpha on September 18, 2015. Click here to read the entire piece.) If you have followed the CME Group 30-Day Fed Fund futures prices, today’s decision by the Federal Reserve to leave interest rates unchanged did not surprise you. You may have even … Read more