Tag Archives: Hilsenrath

QE-outlook dims as Summers brightens

The QE outlook has started to dim, as Lawrence Summers firms as favourite to replace Bernanke next year.  This seems to be a bearish bonds / bullish USD development. Yesterday, Hilsenrath published an article in the Journal suggesting that Summers … Continue reading

Posted in Bond Market, FOMC, monetary policy, US politics, USD | Tagged , , | 10 Comments

Buy Eurodollars for Ben (taper off)

The WSJ’s inimitable Jon Hilsenrath has just published a note that emphasises that the market reaction to Bernanke’s tapering comments is inconsistent with how the Fed thinks the economy is likely to evolve. Federal Reserve officials have been trying to convince … Continue reading

Posted in FOMC, monetary policy, USD | Tagged , , | 10 Comments

Taper-on!

The WSJ’s inimitable Jon Hilsenrath writes that the Fed is set to signal tapering at their June meeting, with a cut in the purchase programme likely at the July or September meeting (i favour December, as i think inflation will … Continue reading

Posted in FOMC, monetary policy, USD | Tagged , | 6 Comments

US inflation plunge continues

Amidst all the talk about US economic strength, and Fed tapering, there has been little focus on the slow hissing sound coming from measures of US inflation. The best measure of inflation (in terms of balancing signal and noise) is … Continue reading

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Fed Wrestles market

Following last week’s tapering debacle, the fed has been putting out all the feelers on tapering. I expected to hear less about tapering and more about ‘active balance sheet management’ from here on – however Hilsenrath’s new Fed note makes … Continue reading

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US inflation: too low for Fed tightening

Following the Hilsenrath article on tapering, there has been a lot of talk about the possibility that the Fed’s next move is not only up — but soon. Some influential voices, such as the SF Fed’s Williams, have put forward … Continue reading

Posted in economics, FOMC, monetary policy | Tagged , | 7 Comments

FOMC lays out exit strategy

The WSJ’s incomparable Jon Hilsenrath has the scoop on the FOMC’s exit strategy. It looks like Bullard has won the debate – the Fed will move their bond buying up and down with the data, just as they might have … Continue reading

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Fed bombs March’13 minutes

The FOMC bombed the release of the March 19/20 meeting minutes (accidentally releasing at 2pm Tuesday NY time to a subset of subscribers) and as a result had to release them early to the market, at 9am NY time. By … Continue reading

Posted in monetary policy, USD | Tagged , | 2 Comments

Fed tapering?

The WSJ’s Hilsenrath writes that SF Fed Williams wasn’t too worried about last week’s soft NFP report: We just have to get away from overreacting to one piece of data And is sticking to his earlier judgement that tapering might … Continue reading

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Jon-fish-Bernanke

The WSJ’s Jon Hilsenrath has an amusing note in which he plays Bernanke’s Babel-fish. You can read Jon’s note, or the speech for what Bernanke said. I’ve only left in what Jon says Bernanke meant – for that’s the message … Continue reading

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