Unlike last year’s contentious FOMC meeting in December, this year’s rate decision was uneventful, as the Federal Reserve kept rates, as markets expected, unchanged. Looking forward, the Fed’s dot plot points towards no change in interest rates in 2020 and a single rate hike in 2021. However, I wouldn’t put much faith in…
The Federal Reserve, as expected, lowered interest rates by 25bp to a range of 2% to 2.25%. One thing is emerging from Jay Powell, Fed’s Chair, and his way of conducting monetary policy – he doesn’t like to surprise the markets or go back on any policy message that he has already iterated…
Los precios de la inmobiliaria habían estado subiendo en España, generalmente, y en Barcelona y Madrid, particularmente, desde 2014 gracias a la mejor situación de la economía de España que había estado mejorando y la muy baja tasa de interés que ha estado en su mínimo nivel en la historia de la Unión…
The inversion of the yield curve has raised concerns in the media over the possibility of a recession in the next 12 to 18 months. Considering the inversion has been a reliable indicator during the past 40 years, it could be reckless not to pay attention to it. However, the U.S. bond market…
The recent election in Spain (April 28) ended with three significant changes: The Socialist party (PSOE) was able to receive 122 seats (out of 350) – the most in 11 years. It won’t be enough for Pedro Sánchez to form a government without the Catalans, but it places him in a slightly better…