United States
Fed’s anecdotal survey correlates with economic data – research
Study says Beige Book’s “soft” data is “actually quite firm”
Barr’s Fed exit likely to delay, but not destroy, Basel III
Market risk, op risk and leverage ratio all in the sights of Barr’s potential successors
Fed board members pledge caution in cutting rates
Governors say unemployment and inflation risks are roughly in balance
Bigger cities do not mean much greater growth – study
Benefits of agglomeration are “surprisingly little”, NBER paper argues
Higher tariffs would hurt US allies as well as its foes – research
However, research says country would be largely shielded from impact of geopolitical fragmentation
Barr resigns as Fed’s vice-chair for supervision
Basel III champion leaves role to avoid potential battles with new administration
Capital neutrality key to completing Basel III, says Quarles
Former Republican Fed vice-chair thinks Hill or Bowman could help revive stalled prudential rules
ECB set for 100bp of rate cuts by autumn – Greek governor
France is ‘an issue’ and Trump presidency an ‘explosive mix’, says Stournaras
Unfunded fiscal spending leads to lower real rates – research
Deglobalisation could limit ability of monetary policy to control inflation, says author
Repo and FX markets buck year-end crunch fears
Anticipations of changes to the Fed’s reverse repo programme contributed to easing balance sheet pressures
Federal Reserve cuts rates by 25bp
Powell says effects of Trump’s proposed policies, including tariffs, remain unclear
Bitcoin reaches new high after Trump’s pledge to create reserve
President-elect says he does not want “China or anybody else” to take leading role on digital asset
Demographics could trigger closures of US universities – study
Research by Philly Fed says fewer young people are enrolling, which is adding to financial pressures
‘Inflation disagreement’ weakens US monetary policy – Fed study
Households’ inflation expectations differ from central bankers’, thus adding to post-Covid momentum
Generative AI can decipher FOMC minute topics – Fed research
Authors say technology could enhance public’s understanding of central banking
Fed stress-testing operational readiness of discount window
Experts say consultation on improved ops should be accompanied by focus on willingness to borrow
Phillips curve is convex in short term – NBER paper
Data on US and UK shows firms respond more to positive than negative demand shocks
US inflation expectations tick up across all time horizons
NY Fed survey finds more respondents expect prices to rise over one- three- and five-year timeframes
Trump says Powell would resign as Fed chair ‘if I told him to’
President-elect also claims tariffs would make US rich but cannot guarantee that prices will not rise
Fed’s latest Beige Book reports modest growth across US
Boston was only branch to report decreased activity since October
Central banking amid uncertainty and Trump 2.0
Deglobalisation set to challenge the central banking orthodoxy of the past 40 years
Market-based systemic risk metrics ‘crucial’ for supervisors
Paper finds measures are effective at predicting crises in the US over a long period
US rate hikes ‘lock in’ homeowners – Fed study
Tighter monetary policy raises house prices and reduces churn, research finds
San Francisco Fed paper details declining immigration into US
Statistics show decline after White House’s June proclamation barring entry across southern border