Présentation PowerPoint In nearly ten years of expansion, US inflation has averaged 1.5% per year on the PCE index, vs a target of 2%. At cycle peak, we would expect […]
In a recent briefing Janet Yellen seems to have declared that she was surprised that inflation has been so low. Official statistics put inflation at 1.3% on an annual basis, far below the magical 2% that is supposed to be the be all and end all of Fed aspirations for northward heading prices.
Switzerland’s central bank on Thursday softened its longstanding warning about the strong franc but still said that it was "highly valued, " suggesting Swiss officials aren’t fully satisfied yet with the franc’s weakening against the euro.
"The Swiss franc nevertheless remains highly valued, and the situation on the foreign exchange market is still fragile," the SNB said in a statement after its quarterly policy review.