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Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
PUBLISHED SUN, JAN 23 2022 1:10 PM EST
Jeff Cox
@JEFFCOXCNBCCOM
@JEFF.COX.7528
WATCH LIVE
KEY POINTS
Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge in inflation.
"We see a risk that the [Federal Open Market Committee] will want to take some tightening action at every meeting until the inflation picture changes," Goldman economist David Mericle told clients.
The Fed also is likely to start cutting its balance sheet by $100 billion a month starting in July, the firm said.

Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
PUBLISHED SUN, JAN 23 2022 1:10 PM EST
Jeff Cox
@JEFFCOXCNBCCOM
@JEFF.COX.7528
WATCH LIVE
KEY POINTS
Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge in inflation.
"We see a risk that the [Federal Open Market Committee] will want to take some tightening action at every meeting until the inflation picture changes," Goldman economist David Mericle told clients.
The Fed also is likely to start cutting its balance sheet by $100 billion a month starting in July, the firm said.

Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
PUBLISHED SUN, JAN 23 2022 1:10 PM EST
Jeff Cox
@JEFFCOXCNBCCOM
@JEFF.COX.7528
WATCH LIVE
KEY POINTS
Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge in inflation.
"We see a risk that the [Federal Open Market Committee] will want to take some tightening action at every meeting until the inflation picture changes," Goldman economist David Mericle told clients.
The Fed also is likely to start cutting its balance sheet by $100 billion a month starting in July, the firm said.

The People’s Bank of China cut its rate on the 14-day reverse repo by 10 bps today, from 2.35% to 2.25% Last week the 7-day RR rate was cut by 10bps (and other rates also) so the cut today to the 14-dayer was not a surprise (it was the first 14-day RR since the cut to the 7-day). Further, the PBOC set the mid-rate for the onshore yuan to its strongest since the middle of May in 2018.

The People’s Bank of China cut its rate on the 14-day reverse repo by 10 bps today, from 2.35% to 2.25% Last week the 7-day RR rate was cut by 10bps (and other rates also) so the cut today to the 14-dayer was not a surprise (it was the first 14-day RR since the cut to the 7-day). Further, the PBOC set the mid-rate for the onshore yuan to its strongest since the middle of May in 2018.

The People’s Bank of China cut its rate on the 14-day reverse repo by 10 bps today, from 2.35% to 2.25% Last week the 7-day RR rate was cut by 10bps (and other rates also) so the cut today to the 14-dayer was not a surprise (it was the first 14-day RR since the cut to the 7-day). Further, the PBOC set the mid-rate for the onshore yuan to its strongest since the middle of May in 2018.

ForexLive Asia FX news wrap: Another China (PBOC) rate cut
Forex news for Asia trading on Monday 24 January 2022

ForexLive Asia FX news wrap: Another China (PBOC) rate cut
Forex news for Asia trading on Monday 24 January 2022

http://www.ocdn.com.my/news.cfm?NewsID=101385

http://www.ocdn.com.my/news.cfm?NewsID=101385

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Brent, WTI scale multi-year highs amid supply disruptions
Iraq-Turkey pipeline outage adds to supply concerns
Some OPEC+ sources say $100/bbl oil is possible

Brent, WTI scale multi-year highs amid supply disruptions
Iraq-Turkey pipeline outage adds to supply concerns
Some OPEC+ sources say $100/bbl oil is possible

Traders Weigh Bigger Fed Rate Hike in March as U.S. Yields Soar

Traders Weigh Bigger Fed Rate Hike in March as U.S. Yields Soar

Many countries scared of being harvested by the almighty dollars creator and try to find ways from avoid it

The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Bank of Thailand renewed the existing Bilateral Swap Arrangement (BSA) between the two countries today. The BSA is a two-way arrangement, in which both authorities are able to swap their local currencies in exchange for the US Dollar. The arrangement also enables Thailand to swap the Thai Baht against the Japanese Yen. The size of the BSA remains unchanged, that is, up to 3 billion US Dollars or its equivalent in Japanese Yen.

The renewed BSA introduces a precautionary scheme, which is a new feature to supplement the existing crisis-resolution scheme. It also incorporates amendments to align the BSA with the recent amendments to the Chiang Mai Initiative Multilateralisation (CMIM) Agreement.

Both authorities agree that continuing such bilateral financial cooperation will help preserve financial stability in both countries, and support the close bilateral economic and trade relations between Japan and Thailand.

Bank of Thailand
23 July 2021

The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Bank of Thailand renewed the existing Bilateral Swap Arrangement (BSA) between the two countries today. The BSA is a two-way arrangement, in which both authorities are able to swap their local currencies in exchange for the US Dollar. The arrangement also enables Thailand to swap the Thai Baht against the Japanese Yen. The size of the BSA remains unchanged, that is, up to 3 billion US Dollars or its equivalent in Japanese Yen.

The renewed BSA introduces a precautionary scheme, which is a new feature to supplement the existing crisis-resolution scheme. It also incorporates amendments to align the BSA with the recent amendments to the Chiang Mai Initiative Multilateralisation (CMIM) Agreement.

Both authorities agree that continuing such bilateral financial cooperation will help preserve financial stability in both countries, and support the close bilateral economic and trade relations between Japan and Thailand.

Bank of Thailand
23 July 2021

Singapore, 5 November 2021…Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the extension of the USD10 billion bilateral financial arrangement to 4 November 2022. This arrangement has been endorsed by Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong, and will continue to support monetary and financial stability in both countries amid the on-going recovery from the COVID-19 pandemic.

Singapore, 5 November 2021…Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced the extension of the USD10 billion bilateral financial arrangement to 4 November 2022. This arrangement has been endorsed by Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong, and will continue to support monetary and financial stability in both countries amid the on-going recovery from the COVID-19 pandemic.

Measure to avoid harvested by printing many many dollars

Measure to avoid harvested by printing many many dollars

KUALA LUMPUR (Nov 23): Bank Negara Malaysia (BNM) and the People’s Bank of China (PBoC) have renewed their bilateral currency swap arrangement for another five years under an unchanged RM110 billion (180 billion yuan) scheme to reinforce the ongoing cooperation between the two central banks, BNM said on Tuesday (Nov 23).

In a statement, BNM said the first bilateral currency swap agreement between BNM and the PBoC was established in 2009.

BNM governor Tan Sri Nor Shamsiah Mohd Yunus said in the statement: "The swap arrangement supports settlement of regional trade and investment in the local currency, as well as promotes regional financial stability.”

KUALA LUMPUR (Nov 23): Bank Negara Malaysia (BNM) and the People’s Bank of China (PBoC) have renewed their bilateral currency swap arrangement for another five years under an unchanged RM110 billion (180 billion yuan) scheme to reinforce the ongoing cooperation between the two central banks, BNM said on Tuesday (Nov 23).

In a statement, BNM said the first bilateral currency swap agreement between BNM and the PBoC was established in 2009.

BNM governor Tan Sri Nor Shamsiah Mohd Yunus said in the statement: "The swap arrangement supports settlement of regional trade and investment in the local currency, as well as promotes regional financial stability.”

Huawei Meng Wanzhou case at Canada because of us pressure.

UK banned Huawei because of 'US pressure': former minister
The ban had nothing to do with national security, says Sir Vince Cable
News Desk | January 13, 2022

UK banned Huawei because of 'US pressure': former minister
The ban had nothing to do with national security, says Sir Vince Cable
News Desk | January 13, 2022

Us have many many gadgets on their toolbox. Against you either sanctions, forced labor act, us supremacy or us military supremacy.

Us is the master. Western countries is us pets. Master doing that, their pets also follow the master command. Just like us command canada over huawei cases in Canada.

Supermax falls after Canada terminated glove supply contract on forced labour allegations
Bernama
/
Bernama

January 19, 2022 11:31 am +08

Supermax falls after Canada terminated glove supply contract on forced labour allegations
Bernama
/
Bernama

January 19, 2022 11:31 am +08

Supermax falls after Canada terminated glove supply contract on forced labour allegations
Bernama
/
Bernama

January 19, 2022 11:31 am +08

Inflation made purchasing power weakening and money became worthless

Then let us get the advantage of buying gloves from our gloves companies at cheaper price as ringgit weakening. People can harvest gloves companies with the dollar printing policy. By this, us can pass their country inflation to Malaysia by import export activities.

Transportation cost will increased such fuels for vessels and aeroplane rise as crude oil rise. Unless the gloves can deliver using magic aeroplane and magic vessels to deliver the product around the world especially to us, than fuel prices hikes will not affect gloves company

Ringgit movement will affect the price of gloves exported. Us can use dollar harvest to get cheaper gloves as ringgit weaken. Increase gloves price.

Brent oil will not affect the gloves company but will affect the ringgit value as Malaysia is oil exporter nation.

To prevent from being harvested by them, increase the gloves price. If foreign exchange rate increase 3%, then increase the gloves price 3% to tally the difference in foreign exchange rate.

Gloves company can earned more by price hike of gloves as usd increase.

Usd growing high high and us can purchase gloves with cheaper prices as foreign exchange rate increase high high.

Usd growing high high and us can purchase gloves with cheaper prices as foreign exchange rate increase high high.

2022 and 2023 is the years of harvesting us dollar around the world. Harvested is use to fuelling us economy and use to buy goods internationally at cheaper prices.

Real life version of Farmville, plant and harvest usd and use the earned usd to trade and buy goods in stores (worldwide).

Printing (planting) more and more usd in 2020 to 2021. In 2022, taper (water) and interest hike (fertiliser) untill inflation high (plant grown up) and ready to harvest all usd in the world in order to buy goods around the world.

Printing (planting) more and more usd in 2020 to 2021. In 2022, taper (water) and interest hike (fertiliser) untill inflation high (plant grown up) and ready to harvest all usd in the world in order to buy goods around the world.