Former JPMorgan traders plead not guilty in spoofing case

tweet at 5:12am: ECB’s Panetta: Continued Monetary Stimulus Necessary; If We Lose Patience Now, We Will Put At Risk Everything We Have Achieved So Far - Inappropriate, Sharp Reduction Of Purchases Would Be Tantamount To A Tightening Of The Policy StancePanetta: Patient monetary policy amid a rocky recovery The long and rocky road out of the pandemic is creating challenges for monetary policy. Following years of too-low inflation and policy oriented at addressing deflationary risks, we are now in an environment of two-way inflation risks and heightened short-term volatility (Chart 1). Markets are indicating increasing uncertainty about the inflation outlook, and investors’ expectations of lift-off dates have become more dispersed. In this environment, central banks must clarify their reaction function, so that market expectations remain aligned with their policy intentions. This, in turn, requires a clear framework for thinking about inflation developments and what conditions would warrant a monetary policy response. We are facing a unique combination of shocks that reflect the exceptional nature of the recovery from the pandemic: supply bottlenecks, surging energy prices and labour market frictions. We cannot say exactly when these factors will normalise. But in order to design our policy action, we need to gauge their implication

The National Institute of Statistics and Geography (INEGI) reports that in the first fortnight of November 2021 the National Consumer Price Index (INPC) registered a growth of ...

In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week's revised level. This is the ...