The Federal Reserve’s decision to keep printing dollars at an unchanged rate, mirrored by the Bank of Japan sticking with its massive stimulus programme, should have surprised nobody.
There are many unknowns surrounding a Scottish vote in favour of independence at next year’s referendum, a potentially huge event for the British economy. But one that has attracted little attention is what it would mean for UK interest rates.
By Alister Bull
Christina Romer, former chair of the White House Council of Economic Advisers and a strong advocate for Janet Yellen to take over from Ben Bernanke as the next chair of the Federal Reserve, slammed the Fed in a lecture last week that accused the U.S. central bank of being too meek and of fighting the wrong battle by being fixated on asset bubbles.
Despite all the market talk about Brazil’s frustrating performance over the past few years, Latin America’s largest economy remains a top destination for global funds in at least one area: fixed income markets.