“Most participants judged that if economic information came in about in line with their expectations, it would soon be appropriate for the Committee to take another step in removing some policy accommodation. A number of participants pointed out that clarification of prospective fiscal and other policy changes would remove one source of uncertainty for the economic outlook.”
Category: fed
How The ECB “Actively” Rescued Markets Ahead Of The French Election
“But the ECB is more than just a “passive acquirer†of assets, in our view. We think they are taking an active role in bond buying to manage the fallout from policy uncertainty (and prevent a tightening in credit conditions that would ensue if they didn’t).”
Trader: You’re Thinking About The Fed All Wrong
“But a subsequently flatter yield curve shouldn’t be read as signifying a policy misstep.”
Trader: They Ruined My Day, But Stocks Are Still “In A World Of Their Own”
“And then events tried to conspire to rob me of all of my sanguineness”…
Trader: “The World’s A Scary Place,” But That’s Always Been The Case
“To be fair, we still have loads of quantitative easing going on and the world remains a scary place. But it’s always been a scary place. We just have selective, as well as short, memories. And if black swans remain your major investing concern, then economic numbers are of very little import.”
It’s Too Quiet: Except For China. And South Korea. And Collapsing Metals.
It’s Tuesday, and they’re voting in South Korea. There’s an annoying power vacuum over there
One Trader Tells Us “A Tale Of 2 Tapers”
“For as long as the U.S.’s debt profile continues to deteriorate, it’ll be a difficult environment for the major buyer of that debt, the Fed, to step back. Especially if the related signal also lowers the demand from foreign governments.”
Good News! There’s A 2/3 Chance This Recovery Will Be The Longest In US History
“The bad news is that medium-term recession risk is now rising.”
Albert Edwards Is Back From Barbados And He’s Got (A Lot) He Wants To Tell You
The problem with ‘healthy debateÂ’ is that so many people back themselves into a corner and take any contrary opinion as a personal attack on their very identity as a human being.”
Bloodbath: “Nightmarish Picture” For Iron Ore Triggers Metals Mayhem
“Iron ore demand is waning, which, against backdrop of near-record/record inventories and aggressive Chinese and seaborne supply, paints a nightmarish picture”…
Fed Statement Redline, Word Cloud
Take it to your local palm reader.
The Going Rate For Being “A Bloody” Bitch Is Now €100 Billion
Yeah, so it turns out that exiting the European Union is probably going to be
Like Trump, Janet Yellen Is Preparing Ill-Advised “Preemptive Strikes”
“What if progress on core PCE is more limited despite labor market overheating, and the Fed’s dual mandate dilemma persists?”
How The Fed Killed The Fed Trade
“It is often the case that simply identifying a market anomaly can eliminate it as arbitrageurs take advantage of the perceived opportunity.”
Fed, Jobs, & France: Full Week Ahead Preview
Ok, so who’s ready for next week? That’s right, today’s Sunday which means tomorrow is
Dude, Relax: Stanley Fischer Doesn’t See Any Risk Of Another Taper Tantrum
Well, I’m by no means sure that anyone cares on a lazy, post-holiday-weekend Monday, but
(Almost) $400 Billion Weighs In On Tax Reform, The Fed, And The Dollar
Bank of America’s latest rates and FX survey comprises responses from 74 fund managers with
Bill Gross Has Some “Brainteasers” For You And Eventually He’ll Say Something About Markets
“Equity markets are priced for too much hope, high yield bond markets for too much growth, and all asset prices elevated to artificial levels that only a model driven, historically biased investor would believe could lead to returns resembling the past six years, or the decades predating Lehman.”
Bank Of America Answers Your Questions About The Fed’s Balance Sheet
I am continually amused at the extent which a question comes up – let’s say
“That Sh*t Cray”: Emerging Markets, Fed Minutes Edition
Earlier this morning, we asked an important question: what did yesterday’s Fed Minutes portend for buoyant
Goldman Likes Its Fed Minutes “Mildly Hawkish,” Probability Of June Hike Still 60%
“Overall, the mildly hawkish minutes increase our confidence that balance sheet normalization will be announced this year and are also marginally supportive of a June hike.”
Fed Minutes: Full Breakdown
In the lead up to the release of the Fed minutes, stocks were buoyant as
Albert Edwards Warns: “Fed Tightening Cycles Almost Always End In Recession”
“Collapsing bank lending growth is signalling that something is amiss and the Fed should stop raising rates, but I expect rapidly rising wage inflation will push the Fed into overkill. Fed tightening cycles almost always end in recession and this time will be no exception.”
Watch Those Minutes. ADP Ahoy! Le Pen Loses Her Sh*t. And More On A Fun Wednesday
“Let’s not forget where we’re coming from,†he shouted, struggling to be heard over his rival. “You have been repeating the same lies for 40 years — those your father used to tell.â€
This Is “Highly Uncertain”: Deutsche Bank Weighs In On Tantrum Risk
Earlier today, we brought you the latest from Bloomberg’s Richard Breslow, who warned that the
Lacker Resigns From Fed
“Jeff Lacker, Richmond Fed president, says he is resigning effective today after improperly disclosing confidential Fed information, NY Times said in tweet.”
Trader Warns On Fed: “No One Knows How This Is Going To Work”
“No one knows how this is going to work in practice, let alone what it will do to markets.”
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