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BRAZIL IS TURNING A CORNER

“In light of recent developments, we reiterate our determination to use all policy tools – monetary, fiscal and structural – individually and collectively to achieve our goal of strong, sustainable, balanced and inclusive growth.” -Statement...

TO INFINITY AND BEYOND

 “[Brexit] uncertainty points to the argument that we should wait for firmer evidence before making any policy change and least in the absence of any strong arguments for an immediate change.” –  Martin Weale, Bank of England External Member of the Monetary...

ADDICTED TO STIMULUS

 “Considering the economic projections, I anticipate that it may be appropriate for up to two additional rate hikes this year…Brexit is low on my list of risks, and I do not anticipate more than a transitory couple of 10ths of a percentage point slowdown in growth.”...

JOLTS CONFIRMS WEAK MAY JOBS REPORT

 “If you haven’t identified risks, you (lack) credibility when you assert resilience … you can’t govern by assertion. You can’t wish things away. That way perpetuates a financial crisis.” –  Bank of England Governor, Mark Carney, 7/12/16 FAST...

SO FAR, BREXIT HAS HELPED U.S. HOUSING

 “I do not think U.S. monetary policy is behind the curve yet.  I expect we will be living with uncertainty for a while as the U.K. and Europe establish the terms of their new relationship.” –  Federal Reserve Bank of Cleveland President, Loretta Mester, 7/12/16...
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