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
macro, politics, markets, ambivalence
The Fed spiked the market with dovishness this morning. Taking the market implied rate for the end-19 fed funds rate
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
According to Gallop’s daily survey, US economic confidence has crashed as a result of the government shutdown. The FOMC decision
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 WSJ’s inimitable Jon Hilsenrath has just published a note that emphasises that the market reaction to Bernanke’s tapering comments
The May non-farm payrolls report was broadly as expected: printing at +175k (mkt 163k), with offsetting revisions worth a net