Amana Capital Market News
Bob Moon spoke with Andre Solianai Costa, Editor for the Bloomberg Latin America Brief. Brazil’s central bank announced another sharp cut in its benchmark Selic interest rate yesterday and signaled policymakers could step up monetary easing in an attempt to pull the economy out of its worst recession ever.
Bob Moon spoke with Carl Riccadonna, Chief U.S. Economist for Bloomberg Intelligence, to preview the FOMC meeting minutes. The FOMC chose to not rock the boat in its latest two-day meeting, as the statement struck a tone that was similar to the one which followed the December meeting. The committee implicitly signaled that policy makers were not willing to lean against the consensus view in the markets that the next rate increase will occur at the June meeting. This may be a sign that the commit