UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report
* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence
* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data
* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Fri. Nov. 5 @ 8:30 am ET - Employment Data
* Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data
* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations
* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data
* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes
*** CLICK HERE for link to Economic Calendars for all upcoming events.
Thursday, April 04, 2013
Pro-active vs. Re-active Monetary Actions -- Japan & Europe
By the way, I'm wondering if Mario Draghi considers whether the ECB's actions, in dealing with the Cyprus bailout situation, are, in fact, in line with their 'accommodative' moneary policy, which was mentioned in today's press release -- "Against this overall background our monetary policy stance will remain accommodative for as long as needed." Since he used the words "remain accommodative," I have no alternative but to assume that he considers that all ECB actions, to date, fall into that category...and that the same 'accommodative monetary policy' would be used in other situations with other countries.
Forewarned is forearmed!