FED MAINTAINS BALANCE SHEET REINVESTMENT, LAYS OUT UNWIND PLAN
FED RAISES TARGET RANGE FOR FEDERAL FUNDS RATE TO 1%-1.25%
FED SAYS IT EXPECTS TO START SHRINKING BALANCE SHEET THIS YEAR
FED SAYS IT’S `MONITORING INFLATION DEVELOPMENTS CLOSELY’
FED RAISES RATES, MAINTAINS FORECAST FOR ONE MORE HIKE IN 2017
Category: fed
Call Janet Yellen A Dove One More Time…
“The bond market is speaking, but most aren’t listening. It is telling us that Yellen is tightening too quickly. Or at least, she is by no means anywhere near as easy as the popular narrative.”
The Big Question: Will China Hike Tonight Following The Fed?
“This time may be different”…
Now They’ll Be More Dovish: Goldman Tweaks Fed Outlook After CPI Miss
“We now expect the FOMC statement to include a stronger acknowledgement of the recent soft inflation data, and our expectations for the Summary of Economic Projections have become incrementally more dovish.”
When To Go “Bear Hunting” In Bonds
“I’ll be focusing on that 2H pricing for clues as to when the odds are good to step in front of the raging bond bull — and when it’s a good time to go bear hunting.”
Gold Surges After Dismal Data; Do You Like Your Rate Hikes Dovish?
They better figure out how to make this hike extra dovish.
Trader: You’re Going To Regret Putting A Gun To Janet Yellen’s Head
“The economy may be doing fine and asset prices are roaring. As this column has discussed previously, inflation targeting is perhaps outdated monetary policy — but as long as that is still officially the goal, tightening tonight will soon be perceived as a potential mistake.”
Before The Fed: China?! “An Illegal Siege” On Qatar! Crude Carnage. Oh, My.
Yeah, so this afternoon the Fed will almost surely hike and folks will be looking
Goldman Spent A Long Time On This Awesome Fed Preview, So The Least You Can Do Is Read It
Ok, so the Fed is going to hike tomorrow. And the best part about it
They’re “Taking Away The Punch Bowl As The Party Gets More Messy”
“But that’s utterly the wrong thing to be thinking about.”
“I’m The One Who Got Us Into This Mess,” A Brent Death Cross, And “The Day Before Tomorrow”
Today is all about tomorrow…
“Oil Is The Fed’s Canary”: Is The Fed “Sleepwalking Into A Policy Mistake”?
“…never have forward expectations been so dovish (Chart 4), inflation break-evens been so beaten down, and data surprises been so negative ahead of a Fed hike in this cycle.”
One Trader Thinks You’re Silly, Says You’re “A Wannabe Method Actor”
“Trading these markets is turning us all into wannabe method actors. We’re all desperately hoping someone will tell us what is our motivation.”
Full Week Ahead Preview: Fed In Focus
Hopefully, the weekend gave you a chance to catch your breath after “Super Thursday.”
Yeah, So The Fed Is Going To Hike Into A Deflationary Backdrop
“But the inflation data has to be concerning, especially as long term inflation expectations have now completely retraced their post-election increase.”
Goldman Presents: “FOMC Alpha” Or, How To Trade The Fed
“What is perhaps less well known is that a sizable portion of average yearly asset returns is generated on these days.”
“Goldilocks And The 3 Hikes”
“However, just like in the fairy tale, this perfect scenario is unlikely to last.”
Deutsche Bank: “Path Of Least Resistance” Is For Everything To Rally
“The conclusion is that the Fed can’t do a lot that appears credible to the market. The path of least resistance is therefore a soggy dollar, low yields and robust equities.”
Nikkei Tops 20,000 On Batshit Crazy BoJ Balance Sheet; Global Stocks Rise Ahead Of Jobs
Well, the Nikkei crossed 20,000 for the first time since 2015 overnight. And really, why
China’s “No Bears Allowed” FX Policy Still In Spotlight Overnight
Ok, so the overnight fireworks were largely confined to early Asian trading. As noted last
Guest Post: Are Stock Traders Actually The Pessimists Here?
“Could it be utility stocks smell the coming economic slowdown ahead of the bond market?”
Here’s This Week’s “Central Bank Chatterbox”
So about two weeks ago, we said that Goldman is super excited about their new “Central
“The Honeymoon Period Is Over” – Bullard Ain’t Buyin’ Trump And Other Overnight News
“Washington does have to deliver at some point and I think that is a concern going forward, whether the honeymoon period would end at some point and maybe the reality of American politics would settle in.”
Strategist: Go To The Party But For God’s Sake, “Know Where The Nearest Exit Is”
“There’s certainly no guarantee that the party stops any time soon. Maybe I am just a grumpy macro man, but even when attending the party, I am going to make sure I know where the nearest exits are located.”
Trader: This Market Needs A Healthy Dose Of “Blunt-Force Trauma”
“The errors weren’t policy mistakes from the Fed or BOE, but from investment banks-turned-hedge funds that refused to listen to what they were being told and fought the tightening cycle every step of the way.”
“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that
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