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Apr 26, 2024
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jane foley is head of foreign exchange strategy at rabobank. we asked her whether we might soon begin to talk about the dreaded �*stagflation' — when growth is stagnant — but inflation remains high. it is a phrase that you can attribute more to some european countries, and you've got to remember that growth father us is still running at a faster clip than most european countries. quite significantly compared with countries such as germany, for instance, but like you said, we did get that down with surprise. gdp coming in withjust i.6% which is an annual number, but that is still about half of what we saw in the fourth quarter. there are some ifs and buts. for instance, one of the big reasons that gdp missed those estimates is because firms used up their stocks rather than producing more. and also there was a lot of import. and also there was a lot of imports. people were consuming in part which actually detract from that headline gdp number. but we are still seeing some signs of slowdown but the price aspect that reallyjittered the market
jane foley is head of foreign exchange strategy at rabobank. we asked her whether we might soon begin to talk about the dreaded �*stagflation' — when growth is stagnant — but inflation remains high. it is a phrase that you can attribute more to some european countries, and you've got to remember that growth father us is still running at a faster clip than most european countries. quite significantly compared with countries such as germany, for instance, but like you said, we did get that...
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Apr 26, 2024
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jane foley is head of foreign exchange strategy at rabobank. lovely to have you with us. almost stagflation but not quite. where are we? probably not quite- _ quite. where are we? probably not quite- a — quite. where are we? probably not quite. a phrase _ quite. where are we? probably not quite. a phrase you - quite. where are we? probably not quite. a phrase you can - not quite. a phrase you can contribute to some european countries. we have to remember growth for the us is still running at a faster clip than most european countries. what significantly compared with countries such as germany for instance. we did get the downward surprise gdp coming in atjust i.6% downward surprise gdp coming in atjust 1.6% which is an annualised number but still about half of what we saw in the fourth quarter. there are some f's and box. —— ifs and buts. one of the reason they missed estimates is because firms moved up stocks rather than using more. also there was a lot of imports, people consuming imports which actually detracts from that headline gdp number. we are still seeing s
jane foley is head of foreign exchange strategy at rabobank. lovely to have you with us. almost stagflation but not quite. where are we? probably not quite- _ quite. where are we? probably not quite- a — quite. where are we? probably not quite. a phrase _ quite. where are we? probably not quite. a phrase you - quite. where are we? probably not quite. a phrase you can - not quite. a phrase you can contribute to some european countries. we have to remember growth for the us is still running at...
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Apr 2, 2024
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live now to jane foley — head of fx strategy at rabobank. once again, or evidence to show that inflation is headed in the right direction? it that inflation is headed in the right direction?— right direction? it certainly is even food _ right direction? it certainly is even food prices - right direction? it certainly is even food prices and - right direction? it certainlyl is even food prices and they have been quite sticky, food prices down for ten months but still at three 17%, still a little bit too high but certainly if we look at what the bank of england has forecast they think the official consumer price index, the official inflation measure hit the 2% target this spring but it could millrise a little bit more later on in the year, so we are nearly at that target, the question is can we sustain the 2% level, going through to the medium term? [30 through to the medium term? do ou through to the medium term? do you think the bank of england might move a little bit sooner thanjune, many are arguing june is the time when it feels it can start to reduce interest rates, your thoughts?
live now to jane foley — head of fx strategy at rabobank. once again, or evidence to show that inflation is headed in the right direction? it that inflation is headed in the right direction?— right direction? it certainly is even food _ right direction? it certainly is even food prices - right direction? it certainly is even food prices and - right direction? it certainlyl is even food prices and they have been quite sticky, food prices down for ten months but still at three 17%, still a...
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Apr 11, 2024
04/24
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jane foley reacting to the ecb decision. we begin with top story. dimming rate cut hopes. it's more than likely rates would move up and down. with their guidance toward rate cuts. that isn't the case for cuts. jason joins us now for more. wonderful to give you -- give your thoughts on the program. >> i think the discourse needs a change. since the fomc meeting we've reserved a massive easing of financial conditions. stocks up by 25% on average in that rally. 10 year yields fell by only -- over 100 basis points. and also credit markets. if you look at the spreads and high-yield bonds just over 300 basis points within 50 to 60 basis points for that time series dating back since 1996. this response in financial conditions since november is reminiscent of what we saw when the fed launched rounds of qe in the past decade. it's not the base rate which has remained unchanged that is so central to inflation determination but these broader financial conditions. i think today the fed has to look at this data, a look at the services sector the looks to be bursting at the seams it exp
jane foley reacting to the ecb decision. we begin with top story. dimming rate cut hopes. it's more than likely rates would move up and down. with their guidance toward rate cuts. that isn't the case for cuts. jason joins us now for more. wonderful to give you -- give your thoughts on the program. >> i think the discourse needs a change. since the fomc meeting we've reserved a massive easing of financial conditions. stocks up by 25% on average in that rally. 10 year yields fell by only --...
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Apr 22, 2024
04/24
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i spoke with jane foley said despite concerns over rate differentials, if the u.s. does not cut or cut later this year, europe would welcome the weaker euro. >> it's quite possible that a weaker euro but actually welcomed, particularly in a country like germany. i would imagine that a period of weak euro could actually welcomed given the hit to the manufacturing in germany in particular and the impact over the last few years of the energy crisis. jonathan:jonathan: great exchange, thank you very much. heard that a few times about a weaker euro a year of young welcomed. >> this support will really strength the armed forces of ukraine. we will have a chance at victory if ukraine really gets the weapons system which would mean so much. jonathan: to live from new york city this morning, good morning. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ♪ jonathan: live from new york city, welcome to
i spoke with jane foley said despite concerns over rate differentials, if the u.s. does not cut or cut later this year, europe would welcome the weaker euro. >> it's quite possible that a weaker euro but actually welcomed, particularly in a country like germany. i would imagine that a period of weak euro could actually welcomed given the hit to the manufacturing in germany in particular and the impact over the last few years of the energy crisis. jonathan:jonathan: great exchange, thank...