The big event this week, the two-day Federal Open Market Committee meeting, takes place on November 6 and 7. There is something else occurring on the 5th, but for the life of me, I cannot remember what it is. Here is a quick look at the data. Foreign exchange rates per the Board of Governors-Federal … Continue reading A quick look at elections, Federal Reserve, and Treasury data.
Four types of political risks arguably move interest rates. First, the perception of fiscal responsibility. If bond holders perceive an increased risk in the government defaulting on bond payments, or not collecting enough in taxes, bond holders will want a higher interest rate before lending the government more money. Second, the economic stances of a … Continue reading Political risks create either shorting opportunities or existential threats …
Should gross domestic product in part be a function of consumption? Professor Dave Collum argues that consumption is something you do after you have produced wealth; after you have produced something. My take on his position is that gross domestic product (output) would be equal to investment (capital) plus energy and effort. Expanding on Professor … Continue reading Taking a another look at defining gross domestic product.
What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary? (People are looking for ways … Continue reading What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.
It is tough to nail down Ms. Harris’ view on the currency and interest rates since Mr. Biden’s announcement three days ago that he was discontinuing his campaign for a second term. So far, her outreach efforts have included a couple speeches to black sororities, a meet and greet with her campaign staff in Wilmington, … Continue reading In the immediate term, the next president will have to think about who the next Fed chair will be.
I just read through opening remarks by Governor Michelle W, Bowman, a member of the Board of Governors of the Federal Reserve System, delivered today during a Fed Listens event in Chicago. Fed Listens is an initiative through which policy makers engage community stakeholders in order to determine how monetary policy is impacting the lives … Continue reading Does the Federal Reserve need better listening tools?
Eastern Caribbean Central Bank Foreign exchange rates: USD/XCD=2.7000 EUR/XCD=2.8881 GBP/XCD=3.4127 Monetary policy tools: Discount rate: 3.0% Call rate: 2.4% Source: Eastern Caribbean Central Bank. Government of St. Kitts and Nevis 45 Year Government Bond. Maturity Date: 18 April 2057. Interest rate: 1.50%. 20 Year Government Bond. Maturity Date: 18 April 2032. Interest rate: 3.00% Source: … Continue reading Eastern Caribbean Central Bank and St. Kitts-Nevis commercial bank rates as of 2:39 pm AST
Eastern Caribbean Central Bank Foreign exchange rates USD/XCD=2.7000 EUR/USD=2.8862 GBP/USD=3.4121 Monetary policy tools Discount Rate: 3.0% Call Rate: 2.4% Source: Eastern Caribbean Central Bank Government of St. Kitts and Nevis Sovereign Debt 45-year Government Bond-$134,406,530 XCD; Maturity 18 April 2057; Rate 1.50% 20-year Government Bond-$19,563,227 USD; Maturity 18 April 2032; Rate 3.00% Source: Eastern Caribbean … Continue reading Eastern Caribbean Central Bank and St. Kitts-Nevis commercial bank rates as of 11:54 am AST.
The Jamaican dollar strengthened against the U.S. dollar falling to USD/JMD =155.2098 from USD/JMD=155.6799 reported on 24 June 2024. The Trinidad dollar showed some weakening climbing from USD/TTD=6.7371 to USD/TTD=6.7558. USD/XCD=2.7000 USD/BBD=1.9800 USD/TTD=6.7558 USD/JMD=155.2098 USD/BSD=1.0000 USD/GYD=207.9800 Alton Drew 26 June 2024 Disclaimer: The data and output from this blog post does not constitute investment or legal … Continue reading Caribbean foreign exchange rates as of 8:54 am AST.
Lawyers Write the Bets. Bankers Sell the Bets. 