Federal Open Markets Committee, European Central Bank and Reserve Bank of New Zealand movements

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Federal Open Markets Committee minutes underscore The US Federal Reserve’s aggression Prior to the release overnight of the Fed’s Federal Open Markets Committee (FOMC) meeting minutes there had been some

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27 May 2022

Fed, RBA and BoE face challenges

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Summary Powell comments reinforce Fed’s aggressive stance. Markets roiled. Volatility to continue Wage Price Index Price Index eases pressure on the RBA. Focus switches to today’s April labour force data

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20 May 2022

Central bank conundrum

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Summary US April CPI: Still a high wire act for the US Federal Reserve (the Fed). A higher than expected CPI keeps maximum pressure on the Fed. Real interest rates (including the

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13 May 2022

Australian CPI: RBA to hike in May and June

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The March quarter consumer price index (CPI) presents the Reserve Bank of Australia (RBA) Board with a clear and present challenge when it meets next Tuesday. To recap, the six-month

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02 May 2022

A round-the-world wrap up on rising rates and inflation

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RBNZ raises the policy rate for the fourth time this cycle by 50 bps to 1.50 per cent. Bank of Canada also hikes 50 bps  Proving itself one again as

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19 Apr 2022

Fixed Income in a rising rate environment

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Fixed income investments have long been central to a diversified portfolio. This article from GSFM explores the role of fixed income in the current environment, one in which inflation and

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11 Apr 2022

RBA: Run out of “patience”?

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The RBA Governor’s Statement on Tuesday appeared to indicate that the RBA Board has learnt from the difficulties facing the Fed and ECB.  “Patience” is no longer prudent. Both the

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07 Apr 2022

Weekly wrap from Stephen Miller: Inflation

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German CPI inflation highest since unification Provisional March CPI inflation figures for Germany highlight the challenges facing the European Central Bank (ECB) ahead of the broader Euro area CPI release

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01 Apr 2022

New aggressive stance from the Fed and implications of today’s labour force data release

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Federal Open Market Committee (FOMC) increases the policy rate by 25bps – Fed ‘dot plot’ now better aligned with aggressive market expectations. Quantitative tightening (QT) to be announced at a

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18 Mar 2022

Inflation – what (almost) everyone gets wrong

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As the inflation debate continues, the economics team at fixed income specialists Payden & Rygel – one of GSFM’s investment partners – weighs in on what they think (almost) everyone

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08 Mar 2022