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	<title>long-term rates &#8211; RFR</title>
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		<title>Would higher oil_prices steepen the yield_curve and help the banks?</title>
		<link>https://richesflores.com/2018/04/24/would-higher-oil_prices-steepen-the-yield_curve-and-help-the-banks/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Tue, 24 Apr 2018 09:11:47 +0000</pubDate>
				<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bonds markets]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[inflation expectations]]></category>
		<category><![CDATA[long-term rates]]></category>
		<category><![CDATA[Oil Price]]></category>
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					<description><![CDATA[Ideally, a rise in the price of oil, resulting from improvement in...]]></description>
		
		
		
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		<title>ECB: forced to miss its turn again households_confidence</title>
		<link>https://richesflores.com/2018/03/05/ecb-forced-to-miss-its-turn-again-households_confidence-consumption-eurozone_growth-draghi-euro-ifo-inflation-pmi-praet-long_term_rates-zew/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 05 Mar 2018 15:43:50 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[Coeuré]]></category>
		<category><![CDATA[consumption]]></category>
		<category><![CDATA[Draghi]]></category>
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					<description><![CDATA[Following the last monetary policy meeting on 25 January, there had been...]]></description>
		
		
		
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		<title>The Fed Plays for Time—Predictably</title>
		<link>https://richesflores.com/2013/09/18/the-fed-plays-for-time-predictably/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Wed, 18 Sep 2013 21:40:43 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[long-term rates]]></category>
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					<description><![CDATA[“The first increases in short-term rates might not occur until the unemployment rate is considerably below 6.5 percent”!  Ben Bernanke, Sept. 18, 2013

The Fed has dared to act contrary to expectations—and rightly so. This was no easy move, given that since early summer the markets have talked themselves into believing that central bank policy was about to change. Yet the reasoning behind the FOMC decision couldn’t be clearer:

1- The U.S. economy is still on extremely shaky ground. Growth has yet to pick up; job gains remain mediocre; disposable income is still too low to drive a lasting recovery in consumer spending; and businesses are not investing.
2- Yields have risen so sharply since the start of the summer that they have come to pose a threat to growth, as demonstrated by the sudden halt to the housing market uptick since the spring.
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