Jeremy Hawkins (born 15 May 1993) is a New Zealand professional rugby league footballer who currently plays for Redcliffe Dolphins in the Queensland Cup. He plays at centre and wing and previously played for the Canberra Raiders. (wikipedia)
People have had their fingers burned and will be careful about going back into the market.
It's just a reflection of general concerns that the U.S. (economy) is heading towards a hard landing rather than a soft landing.
The decision to cut by a quarter point was about right. What the meeting does show was there was a wide range of views and some had considered a 50 basis point (0.5 percentage point) cut but there was concern that could open up the imbalance of a two-speed economy.
People are getting concerned about the U.S. economy slowing faster than generally expected.
Proposals appear to have been put under the bed.
Well, we think for those people who expect that the Bank of Japan will adopt a looser stance, they're going to be disappointed. All the indications we've seen so far coming out the central bank is that they are going to keep things exactly where they are.
The headline rate was really spot on. But while the ex-energy index is still soft, it's up from 1 percent in May. That may indicate that general cost pressures are beginning to feed through the economy.
The drop in the consumer sentiment indicator is going to raise concern about the pace at which domestic demand is going to pick up and feed through into growth. I would be very surprised if the ECB raised rates this week.
The conditions are in place for a right royal punch-up. It's going to be one of those times when they may at best be able to marshal a fixed grin at the end.
Today's data make it all the more likely that the Bank of England will be on hold in July.
