“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.”
“Cho did not immediately respond to an email and phone call seeking comment.”
One reader was dismayed this week, when she pulled up to her local Bank of America branch only to discover…
Prepare for another round of “reflation trade” excitement…
“It is all kind of shocking.”
We’re going with “other.”
“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”
“LaVorgna is out this afternoon with a visual tour of the May FOMC statement which we sincerely thank him for providing because just about the only conceivable way to make this meeting exciting is to draw some pictures”…
“Simon had a vet’s check-up three hours before the flight and was fit as a fiddle.”
“Following the first-round outcome, the Le Pen camp have claimed that the second round of the election will represent a choice between Mr. Macron’s pro-globalisation agenda and their candidates more protectionist stance. Ms. Le Pen proposes the cancellation of existing free-trade agreements and opposes future ones.”
Right, so put on your hedges folks, we’re heading into a risky weekend. As you’re acutely aware (and acutely tired of hearing about) the first round of the hotly contested French elections is Sunday and as outlined this morning by one former trader, the implications are “big league.” We got a terrorist attack on Thursday at…
“While the FOMC shouldn’t wrong-foot the financial markets just for the sake of it, by the same token, keeping them guessing a bit more could raise market risk premia — and perhaps reduce the chance of another crisis.”
Simply put, Kim’s “NoDong” is “presumed operational.”
One of the things that gets lost in the incessant media coverage of escalating tensions in the Korean Peninsula is that this isn’t new. That’s not to say it isn’t newsworthy or that there isn’t a real threat here. But do note that Trump is playing right into Pyongyang’s hands with all the tweets and “looking for…
“Technically”…
