Author Archives: Paresh Upadhyaya

About Paresh Upadhyaya

Paresh Upadhyaya is Senior Vice President, Director of Currency Strategy, U.S. at Pioneer Investments. He joined Pioneer in 2011.

Signs of Inflation – Not a Concern for the Fed?

On June 18, 2014, the Federal Open Market Committee (FOMC) voted to keep the federal funds rate unchanged at 0.25% and for the 5th consecutive meeting to reduce the pace of monthly asset purchases by $10 billion (bn) to $35bn. … Continue reading

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Where Should Interest Rates Really Be? Applying the Taylor Rule to the World’s Central Banks.

The Taylor Rule is a formula widely used by central banks to determine how interest rates should change based on inflation, output, economic conditions and other factors. Since the start of the Great Financial Crisis in 2008, the world’s “G4” … Continue reading

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China’s Currency Drop. What it Means for China and the World’s Markets.

China’s currency, the renminbi, depreciated 1.4% in February 2014, essentially tying the record for the largest monthly drop since the Chinese government’s “peg” policy officially ended in 2005. This jump raised the question of whether or not the renminbi has … Continue reading

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A Few Quick Thoughts on the U.S. Dollar and Japan

I recently participated in a webinar where I was asked a few questions regarding the U.S. dollar and Japan, which I think are on many people’s minds right now. I wanted to pass along my thoughts on both subjects. What … Continue reading

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Debt Limit Extended, Fed Policy in the Wings – What to Expect from the Markets

Last night Congress reached an agreement to raise the debt limit and end the 16-day shutdown. After all the acrimony and tense negotiations, the deal passed by a comfortable margin with 81-18 vote in the Senate and 285-144 in the … Continue reading

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