September Fed Minutes: Highlights

Obviously, the September minutes will be parsed for clues as to what the committee was thinking in terms of staying the course for December despite lackluster inflation. 


Highway To The Danger Zone: Full Week Ahead Preview

Good luck.

‘It’s Not An Emperor-Has-No-Clothes Story, But…’ Fed Bank Buster Isn’t Sure About Former Colleagues

“Coming fresh to a place where much of the discourse was accepted or assumed by the very smart economists on the FOMC and the Fed staff helped me to see where some of that received wisdom was not holding-up well in the circumstances we were facing.”

How (Not) To Trade The Fed Chair Edition Of The Apprentice

“Take it all with a large grain of salt.”

Gross Says December Hike ‘A Slam Dunk’ As Earnings Blow Through Estimates

“And the market concurs.”

‘Volatility Would Return With A Vengeance’: Kocic Warns On Warsh And The Rebuilding Of The Fourth Wall

“However, giving up transparency and sticking unconditionally to policy rules, i.e. rebuilding the fourth wall, carries with it enormous risks.”

There Are No Atheists In Foxholes

“Here is my new prediction.”

Central Banks Have ‘Aided And Abetted Market Manipulation’: No One Read This Speech By Kevin Warsh

“The guild is unwise to treat financial markets as some beast to be tamed, cub to be coddled, or market to be manipulated. Too many policymakers appear in thrall to financial markets, and financial markets are in thrall to policymakers, but only one of them will get the last word.”

Dollar, Yields Jump As WSJ Says Trump Met With Warsh On Fed Job

“President Donald Trump and Treasury Secretary Steven Mnuchin met with Kevin Warsh on Thursday to discuss his potential nomination as the next Federal Reserve chairman.”

Transparency: The Dark Side

Ok, who’s ready to take another look behind the “fourth wall?”

‘Tell That To Rain Man’

“Either way, you gotta be super smart to run a country and sell vol. buddy, okay? It’s not easy.”

What The Heck Is Goin’ On?

“The truth of the matter is that the market doesn’t know how to interpret the Fed.”

1 Million.

“It’s not crazy”…

In 2020, It All Goes ‘Horribly Right’

“So hang in there, volatility longs. Only three more years ’til it all goes horribly right!”

Goldman Answers All Of Your Questions About The September Fed Meeting

Q: Will the FOMC hike the funds rate in December?
A: Yes, probably.