Author: Eamonn Sheridan

The US economy, policy outlook is no more uncertain than usual

Reuters with a recap of remarks Thursday from San Francisco Federal Reserve President John Williams But there are plenty of unknowns about the global economic environment and commodity prices ... What is different ... is that the unknowns appear to be relatively balanced, with surprises just as likely to be positive for the economy as negative:

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Author: Greg Michalowski

The Atlanta Fed GDPNow unchanged at 2.8%

Still looking for some decent growth in the 4th quarter The Atlanta Fed is out with their most recent tracking of the 4Q GDP.   IN their own words: The estimate is above what is consensus. The current estimate for GDP is 2.1% (as per Bloomberg estimates from market analysts/economists). The NY Fed Now Cast estimate is currently tracking 1.9%.  They will release their most recent estimate tomorrow.

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Author: Adam Button
12

Draghi faces down German inflation worries

Draghi fights back against German worries The German pathological fear of inflation is headed for a clash with dovish ECB policies. The cover of Germany's Bild today featured the headline 'Inflation: Things are suddenly more expensive' and highlighted that German inflation is at a three year high after rising 0.7% month-over-month in December.

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Author: Ryan Littlestone
12

The silver tongued one worked his magic on the euro once again

Q.When is inflation not inflation? A.When it's Eurozone inflation. You've got to hand it too him, he knows how to work the crowd i.e the market. Forget inflation, it doesn't exist really, according to the Dragster. It's energy based blah blah blah. He's absolutely right if you go by the numbers. The headline jumped to 1.1%, with energy and other volatiles stripped out, it's 0.9%.

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Author: Ryan Littlestone

Draghi: ECB hasn't discussed reducing stimulus

Into the Q&A Was asked whether the ECB was just as ready to act to cut QE as it would be to increase it. The second question allowed him to swerve going in to more detail.

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Author: Ryan Littlestone
1

Here's what the banks expect from the ECB today

Our friends at eFX News have an ECB roundup from the banks   You can grab a free trial of the eFX Plus service here. Goldman: No Change, Little Action From The Meeting. The ECB's Governing Council will meet on Thursday, January 19. In line with the broad market consensus, we expect little action at the meeting, based on the lack of market news since December. Specifically, we expect key policy rates to be left unchanged, and no changes to the Asset Purchase Programme (APP). We expect the introductory statement to continue to describe risks to the growth outlook as skewed to the downside, and that Mr. Draghi will resist any suggestion that recent inflation data warrant the withdrawal of monetary accommodation.

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Author: Eamonn Sheridan
2

PBOC is gauging demand for MLF loans

Bloomberg citing info received from traders - PBOC gauging demand for MLF loans at some lenders - MLF is Medium Term Lending Facility - six-month duration loans

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Author: Eamonn Sheridan

ECB meets Thursday - what to expect (preview)

Cuttng to the chase ... nothin'! No change expected to any rates - Refinancing rate expected to remain unchanged at 0% - Marginal lending rate expected to remain unchanged at 0.25% OK ... the fine print (this via , more there if you are after it), In brief:

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