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...“As a macro strategist, this is what I dream about,” said John Butler, head of macro at Wellington Management in London. “This is the best macro environment I’ve experienced in 30 years.”...
...Even Jay Powell once compared using R* to guide monetary policy as navigating by stars that keep moving around the sky. At the recent Jackson Hole conference he added that it was also cloudy....
...john.thornhill@ft.com...
...America’s ‘red wall’ moment: Democrats are rapidly losing non-white voters as the forces that ensured their support are weakening, writes John Burn-Murdoch....
...An assassination on Canadian soil, if confirmed, would mark a step change in the R&AW’s audacity....
...john.plender@ft.com...
...John Roberts, who worked for 35 years at the Fed, said he expected the central bank to skip a September rate rise and then reassess at later meetings....
...On August 25, Federal Reserve chair Jay Powell summarised the mood when he said “we are navigating by the stars under cloudy skies”. Economists do have some tools to illuminate the path ahead....
...Silent night, soft-landing night,Hawks do quake at the sight;Blessings stream from a steady R*,Econo-mists sing Alleluia,Price stability borne!Price stability borne....
...The UK spends billions on R&D but relative peanuts on the gatekeepers that bring products to market. The balance needs to be adjusted. And relatively speaking, you’ll get a lot of bang for your buck....
...So hi, John. John Burn-MurdochHello. Thanks for having me....
...Powell said market expectations of a rate cut in March were not his “base case”. Powell also said there was “a way to go” before the Fed could claim victory in its battle against excessive inflation....
...More cautious comments on Friday from New York Fed president John Williams and Raphael Bostic, his counterpart on the Atlanta Fed, that pushed back against the idea rates could be lowered soon left the S...
...Fed chair Jay Powell suggested at yesterday’s press conference that rates were probably at or near their peak for this tightening cycle. We also got projections from Fed officials about rate cuts....
...Some officials such as John Williams, president of the New York Fed, and Christopher Waller, Fed governor, have suggested that loosening monetary policy could still be necessary so that interest rates, once...
...But it’s OK, people, because Jean Boivin, head of the BlackRock Investment Institute, says the nominal equivalent (R*) is 5.5 per cent. Thanks Jean, that’s settled a long-running debate....
...“The collapse of our championship campaign was painful,” says John Textor, the US tech entrepreneur and football investor who owns Botafogo....
...The comments from New York Fed president John Williams and Atlanta’s Raphael Bostic — both voting members on the Federal Open Market Committee next year — come just days after the Fed sparked a surge in...
...The BoE needs to see pay growth coming down fast What I’ve been reading and watching My colleagues have written an explainer on movements in the long-term neutral interest rate (or r*)....
...of the economy has dropped under Modi to less than 0.7 per cent of GDP, a lower rate than that of any other Brics country and far below the roughly 5 per cent of GDP spent by some of the world’s biggest R&...
...In prepared remarks on Friday, John Williams, a permanent voter on the Federal Open Market Committee and a close ally of chair Jay Powell, struck an optimistic tone about the outlook for inflation and the...
...John Williams’ grinching be damned, last week’s Fed pivot was a bona fide Christmas miracle....
...“Powell wrote the epitaph [this week].”...
...The late economist John Henry Williams, as quoted last week by New York Fed president John Williams, wrote in 1931 that R-star is “an abstraction; like faith, it is seen by its works”....
...The ECB and BoE have struck a more hawkish tone than Powell, with both indicating in December that it was too soon to relax the fight against inflation....
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