Weekly Newsletter 11/6/2016

November 7, 2016


Newsletter – Week of November 6, 2016

Club members, please see information on this week’s recent news and exciting events as well as internship/full-time position deadlines.

-Your SAIS International Finance Club Leadership


Recent Finance News

Federal Funds Rate:
On November 2, 2016, The Fed announced that the federal funds rate would remain unchanged between 1/4 and 1/5 percent. The Committee declared that it needs further evidence supporting the improvement of the labor market and the return to the target inflation of 2 percent. The Committee expects the inflation to reach 2 percent in the medium term. On November 4, the New York Times published data on the labor market. The unemployment rate for October was 4.9 percent, which is very close to the target 5%.
For further information:
Labor market data
Federal Reserve Board

Friday, November 4th marks the 9th consecutive session that the S&P 500 has declined. This is not only true for the U.S. but also for markets in the rest of the world (i.e., FTSE100, Hang Seng). The possibility of a Trump victory on Tuesday and low oil prices pushed risk averse participants to invest in gold, low-risk government bonds and the yen. The S&P 500 realized its longest losses since December 1980.
For more information click here

GBP/USD: 1.25 (-.05%)
EUR/USD: 1.11 (-.21%)
CHF/USD: 1.03 (-.025%)

On Campus Events


Nov. 8“The World Bank Presentation” Organized by SAIS Career Services. 12:30pm-2:00pm. Kenney Auditorium. RSVP on SAISWorks.


Nov. 9“Max M. Fisher Lecture with Mark White” Dean Vali Nasr and the SAIS Student Government Association cordially invite you to attend a lecture by Mark R. White, the recipient of the 2016 Max M. Fisher Prize for Excellence in Teaching where Professor White will speak about “How to Operate a Crystal Ball: Speculative Predictions in a Complex World” 12:30pm-1:30pm. Kenney Auditorium .RSVP at saisalumnievents@jhu.edu

Off-Campus Events

Upcoming Off-Campus Events:

November 8th, 12:00 pm to 1:30 pm: “Can America’s Most Important Ally, Japan, Re-Invent Itself?” The discussion will focus on themes discussed in Prestowitz’s new book Japan Restored: How Japan Can Reinvent Itself and Why This Is Important for America and the World. The book opens in the year 2050 with Japan having become the world’s leading high tech power with an annual GDP growth of about 4 percent. The population is growing, the average age is falling, and Japan is a mecca for students, scholars, and business people around the world. For more information and registration, click here.

November 9th, 9:30 am: “Global Financial Integrity and World Bank event on systemic illegality” The World Bank Group and Global Financial Integrity (GFI) invite you to a panel discussion on the systemic nature of corruption and illicit financial flows—what we have learned to better shape enforcement and to counter detrimental fraudulent misrepresentations. These discussions build on the World Bank Group’s commitment to work with governments, civil society groups, the private sector, and international organizations to support implementation of the UN Convention against Corruption and compliance with global standards for transparency and accountability. For more information and registration, click here.


Newsletter Contributors:
Recent Finance News: Yanki Kalfa
On Campus Events: Nikki Tan
Jobs and Internships: Quinn Campbell
Off-Campus Events: Marco Kim
Newsletter Editor: Yanki Kalfa



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