These Are The Fed’s Options To Avoid Another Taper Tantrum

” The 2013 “taper tantrum” also provides a reminder that the impact of balance sheet policy on financial conditions is uncertain and could be larger than our baseline estimate. We doubt the impact would be as large today—in 2013 markets misunderstood tapering as implying earlier rate hikes, whereas today markets would likely view earlier tapering as implying later hikes— but the risk is worth considering”

Finally Friday: Oil Looks For Weekly Gain; EM, Euro Surge; Merkel Meets America’s Useful Idiot

Well, it’s quiet out there as an exceptionally eventful week (finally) winds down. As we head into the weekend, oil is trying to eek out a gain on the week, after a surprise inventory draw (reported first by API on Tuesday and then confirmed a day later by the weekly EIA print) shored up a…

Here’s What Changed: Fed Statement Redline, Word Cloud

Federal Reserve increases federal funds target range to 0.75% to 1%. Fed: inflation close to goal, refers to target as ‘symmetric’ Fed officials seeing 3+ hikes in 2017 rise to 14 from 11 Fed officials seeing 4+ hikes in 2017 unchanged at five Fed: median federal funds est. 1.4% end-2017, unch. vs dec. Fed: median…