Connect with us

YELLEN: Rate Increases Cannot be Ruled Out

Published

on

Photo Credit: Federal Reserve, March 18, 2015

Photo Credit: Federal Reserve, March 18, 2015

Federal Reserve Chair Janet Yellen calmly stated at a press conference that a rate increase in June cannot be ruled out. Yellen added for the Federal Reserve to raise rates, there must be “further improvement in labor markets,” and inflation will need to go back to its 2% target over the medium term. The Federal Reserve downwardly adjusted their inflation forecast for 2015. Low energy prices and low wage growth are holding back inflation in the United States. Economic and data metrics will be key determinants if the Federal Reserve will change rates in June.

Yellen commented on the Federal Reserve’s monitoring of financial stability – viewing it as moderate for now. She said, “overall measures of the equity markets are on the high side.” Yellen also saw the U.S. corporate debt market having unusually low spreads.

The Word Patient

Notably, the word “patient” was removed from the March Federal Open Market Committee (FOMC) statement after the two-day meeting that ended on March 18th. In December 2014, the FOMC statement read the Federal Reserve “can be patient in beginning to normalize the stance of monetary policy.” Federal Reserve Chair Yellen in her comments emphasized the removal of the word “patient” does not mean the central bank will be impatient on monetary policy. Money managers believe the pace of rate hikes will likely be extremely gradual.

Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

Published

on

Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Norway SWF Adds to Existing Investment in Central London

Published

on

On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Crown Property Bureau Moves Assets to Thailand King Under 2017 Law

Published

on

In December 2016, Crown Prince Maha Vajiralongkorn became King of Thailand, succeeding his father King Bhumibol Adulyadej who passed away in October 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.