FOMC – ricardian ambivalence

Fed set for -100bps — starting with -50 in July

The Fed spiked the market with dovishness this morning. Taking the market implied rate for the end-19 fed funds rate

Vice Fed Chair Clarida gave a very interesting speech entitled Sustaining Maximum Employment and Price Stability on 30 May. It

Hidden inside the minutes to the Fed’s 30 April meeting is an alarming paragraph that suggests Fed staff have grave

The Sun’s Terry McCrann has published a great column on the nomination of Yellen and what it might mean for

The monthly US PCE report is one of my favourite. US consumption is not just a bit part of the

The Federal Reserve’s decision NOT to announce a slowing of the pace of their asset purchases at their September meeting

I have been of the view that the Fed would announce a tapering of their Treasury purchases at the upcoming

We’re now on the run into the September FOMC meeting. The key report will be this Friday’s non-farm payrolls report

Last night’s price action spoke to the virtues of sleeping deeply and turning off your phone. First, better than expected

The typically well informed (especially on things Democratic) Ezra Klein reports that Summers is now the leading contender to replace

The QE outlook has started to dim, as Lawrence Summers firms as favourite to replace Bernanke next year. This seems

The BIS has just published a paper which traces the main path through which QE works to stimulate the economy.