Intra-Day Market Moving News and Views
06 Mar 2015 06:28GMT
USD/CHF - 0.9735 .... Swiss National Bank reports profit of 38.3 Bln CHF for 2014 Vs 9.1 Bln loss year-ago.
- SNP reports profit from forex positionsof 34.5 Bln CHF
- SNP reports gain on Gold valuation of 4.1 Bln CHF
- SNB says financial result depends largely on developments in the Gold, forex, and capital markets
- SNB says it is not possible to make any predictions about results this year
- SNB says does not exclude suspending or reducing profit Ddistributions in some years, due to considerable volatility in its results
News From Reuters, Fed's Williams said that if Europe, Japan were stronger, forecast for U.S. GDP growth would be closer to 4%.
Earlier, San Francisco Fed President John Williams (2015 voting member of FOMC) said:
- By Mid-Year, Fed Should Seriously Discuss Raising U.S. Rates
- Safer To Raise Rates Early, Gradually, Than Wait And Have To Hike Sharply
- Waiting Too Long To Raise Rates Risks Overshooting On Inflation
- Overshooting Could Force Sharp Rate Hikes, Destabilizing Markets And Damaging Recovery
- Sees Maximum Employment By Year End, If Not Sooner
- Sees Inflation Returning To Normal Over Next Two Years
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