Despite rate liftoff, Fed still thinking internationally

Prior to the summer market turmoil surrounding China’s stock market intervention and currency devaluation, most economists had expected the Federal Reserve’s first rate increase since 2006 to come

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The politics of the Fed’s reverse repo mechanism

There has been a lot of talk about the Federal Reserve’s Overnight Reverse Repurchase (ONRRP, RRP, or reverse repo) mechanism.  The Fed has chosen to expand the limits

People’s Bank of China again not following the Fed

Not only has the People’s Bank of China (PBoC) not followed in the Federal Reserve’s rate hike footsteps (rather, it began publishing an index of the renminbi