About Piponomics

Piponomics Author

Economics plays a huge role in the foreign exchange market. I enjoy looking at economic trends and trying to see how it affects currencies and life in general. I will post my thoughts and observations here. I'm throwing macroeconomics, forex trading, pop culture, and everyday life into a pot and hopefully the final product are lessons that are easy for you to consume.

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August 2006

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Central Bank Expectations

Here's a pretty picture of interest decisions by the European Central Bank, Bank of England, and Federal Reserve since 1999.

Source: Wachovia Corporation Economics Group

Here are the predictions of rate moves from Wachovia economists for the rest of the year:

They believe the Fed is done for the year. They also "believe that the ECB has two more 25 basis point rate hikes up its sleeve before the end of the year, and that the BOJ is likely to hike once in the fourth quarter. Slowing growth could be a mitigating factor to these expectations."

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