from Blogs Dashboard:

If you are in St Louis, buy gas on a Tuesday or Wednesday

May 3, 2016

If you are in St Louis, buy gas on a Tuesday or Wednesday

The pass through from low gas prices to U.S. consumer spending is a fraught issue and central banks say it is being distorted by the zero lower bound. Now another complication, if you are in St Louis.
According to calculations from the Federal Reserve Bank of St. Louis, you can save up to $60 a year if you buy gas on a Tuesday or Wednesday. Gas prices are most expensive on Fridays, Saturdays and Sundays and fall sharply in midweek, with Tuesday almost 4 cents a gallon cheaper than the average price.
"The simplest explanation is that most consumers aren't aware of the cycles. Even if some were aware, they may not care enough about saving a few dollars to change their behavior," the study found.

from Morning Bid with David Gaffen:

Yellen The Gradualist

March 29, 2016

Investors remain fickle in a market that gives them a few nice pieces of data only to yank away that optimism. Monday’s figures on personal consumption and gross domestic product (revised lower, as expected) again brought out the chattering classes nervous that the Fed will suddenly stand fast on its seeming expectation to raise rates again before long.

from Morning Bid with David Gaffen:

Draghi Pulls Out the Big Guns

March 10, 2016

U.S. equities are having a somewhat expected reaction to the European Central Bank's decision to expand asset purchases by 20 billion euros per month and move into buying euro-denominated corporate bonds as well, and investors in addition are shifting away from the euro and into other currencies, with the dollar up by more than 1 percent against the euro and as the single currency falls against the yen and pound as well.

from MacroScope:

Federal Reserve’s loss is Bank of Canada’s gain

March 3, 2016

The Federal Reserve Bank of San Francisco produces some of the U.S. central bank's best research on labor markets and monetary policy. And it's from there that the Bank of Canada plucked its newest deputy governor,

from MacroScope:

Valentine’s Day disappoints after Star Wars surge

March 2, 2016

By Lindsay Dunsmuir

The Fed’s Beige Book, a compendium of anecdotes from business contacts across the U.S. central bank’s 12 regional districts, is not known for tickling detail.  But it seems one regional Fed district – Boston to be precise – is paving the way in bringing a bit of relatable life to the usually dour document. In January’s report it pointed out that a toy company in its district reported strong sales “largely driven by the new Star Wars movie.” This time, it seems that all that movie-related spending has left locals with little money to spend on love. “Sales of Valentine’s Day items usually spike a few days before the holiday, but this year sales were lackluster,” the Boston Fed reported. Next time around, will we find out that children were deprived of their chocolate Easter bunnies? It’s anyone’s guess, but it seems like the researchers in Boston are minded to let us know.

from MacroScope:

Not all Fed policymakers sing from the same songbook

February 18, 2016

San Francisco Fed President John Williams on Thursday said he still thinks gradual interest-rate hikes are the “best course” (, a view that fails to harmonize with that of fellow Fed policymaker James Bullard, president of the St. Louis Fed who said late Wednesday further rate hikes would be “unwise” (

from Morning Bid with David Gaffen:

The Negative Interest Rate Policy phase

February 11, 2016

We are in for another big selloff today if the decline in U.S. stock futures is any kind of sign here.

from Expert Zone:

India Markets Weekahead: China weighs, but Nifty could rise

January 10, 2016

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Markets across the world had one of their worst opening weeks ever on rising concerns of a global economic slowdown led by China and geopolitical concerns in the wake of North Korea’s nuclear test. In India, the Nifty index ended the week at 7,601, down 4.5 percent.

from Expert Zone:

India Markets Weekahead: Starting the New Year on a positive note

January 3, 2016

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Markets inched up about 1 percent in a dull week with the Nifty closing at 7,963. The low participation was on account of holidays for major institutions and volumes remained low.

from Breakingviews:

Giants of central banking will be cut down to size

December 30, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.