日本語
Español
中文
Русский
Français
- New York 00:37
- London 04:37
- Barcelona 05:37
- Tokyo 13:37
- Sydney 15:37
- RATES & CHARTS
- NEWS
- FUNDAMENTAL
- TECHNICAL
- TOOLS
- METATRADER
- LIVE
- EDUCATION
- FORUM
- SERVICES
- BROKERS & FDMs
- Premium
US: The Fed still binded to a zero interest−rate policy
Thu, Nov 5 2009, 09:24 GMT
by Economic and Strategy Team
National Bank of Canada | View company's profile
Despite the improving economic backdrop, the U.S. central bank reiterated its commitment to keep rates exceptionally low for an extended period of time. More specifically, the FOMC emphasized the low rates of resource utilization (read unemployment rate) and subdued inflation trends (both current and expected) as the conditions that warrant keeping unchanged the current policy stance. It is worth noting that the press release continued to allude to the close link between business investment and hiring. We could not agree more with this view. This relationship is central to our scenario calling for a sustainable economic recovery. As today’s Hot Chart shows, business spending actually showed initial signs of firming with spending on equipment & software rising in Q3 (+1.1%), the first increase since the onset of the recession. This is a positive development that heralds an improvement in labour market conditions. But until the FOMC actually sees job creation, its dual mandate binds it to a zerointerest rate policy.
Published on Thu, Nov 5 2009, 09:25 GMT
National Bank of Canada
| 1100 University, 11th floor Montreal (Québec) H3B 2G7
http://www.nbc.ca/ | info@nbc.ca
Legal disclaimer and risk disclosure
This presentation may contain certain forward-looking statements about the 2009 Economic and Financial Outlook. Such statements are subject to risk and uncertainties. Actual results may differ materially due to a variety of factors, including legislative or regulatory developments, competition, technological change and economic conditions in Canada, North America or internationally. These and other factors should be considered carefully and readers should not rely unduly on National Bank of Canada’s forward-looking statements. This presentation may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express consent of National Bank.
Related reports
Market Morning Briefing by Kshitij Consultancy Services
Mon, Mar 22 2010, 03:37 GMT
U.S. Debt Holdings of Foreign Central Banks Continue to Grow by Northern Trust
Sun, Mar 21 2010, 22:33 GMT
U.S. Forex Market Commentary by GCI
Sun, Mar 21 2010, 22:22 GMT
Continued Economic Recovery, Low Inflation by Wells Fargo Investments, LLC
Fri, Mar 19 2010, 19:58 GMT
Majors tumble against dollar by ecPulse.com
Fri, Mar 19 2010, 12:03 GMT
fed, centralbanks, interestrate, us
[ View All ]Related content
Indices: Dow plummets premarket
FXstreet.com | Fri, Mar 19 2010, 14:15 GMT
Asian FX market wrap: Chinese/US tensions, fewer JPY repatriations
Forex Live | Fri, Mar 19 2010, 05:02 GMT
US investors dispersing off bonds – interest rise
FXstreet.com | Fri, Mar 19 2010, 04:01 GMT
Fed may raise discount rate before next meeting
Forex Live | Thu, Mar 18 2010, 23:20 GMT
Dow extends its winning strike
FXstreet.com | Thu, Mar 18 2010, 20:58 GMT
fed, centralbanks, interestrate, us
[ View All ]Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.