‘Well What If There Is No Tomorrow?’: Fed, Kushner, And Full Week Ahead Preview

Ok, it’s Sunday evening at HR, and you know what that means…

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Jobs Report, Chilled Urine, And Kashkari’s Rib Roast: Full Week Ahead Preview

If you were following along last week, then you already know what to look for in the week ahead. After the hawkish procession in Sintra, Portugal, which catalyzed an impressive euro rally and led directly to sharply higher DM rates, it’s now all about how markets attempt to price the beginning of the end for accommodative…

About That Fed “Policy Mistake”…

“The thesis that the Fed has made a policy error would seem to imply two claims: that the Fed’s hawkish stance has led to excessive tightening in financial conditions, and that this in turn has caused the economy to slow more than intended. Neither of these has happened.”

Euro Surges On Draghi’s “Three Messages,” Dollar Eyes Janet, Yuan “Suddenly” Jumps

Boy, I’ll tell you what, if you’re a central banker and you’re going to say something in public about monetary policy, you better make sure you choose your words really fucking carefully, because this market is hyper-sensitive. Here’s what we got from Draghi who, speaking at the ECB Forum on Central Banking in Sintra, Portugal, said he…

A 12-Chart Visual Tour Of The June Fed Statement

Here we are, one day after the Fed and people are still trying to decide just how hawkish Janet Yellen’s presser was. Relatedly, a lot of folks are confused about the juxtaposition between Wednesday’s “sad” (to quote Trump) CPI and retail sales numbers and the committee’s decision to basically shrug them off with little but…