inflation breakevens

Just Who Was The Intended Audience For The Rate Cut?

By |2019-09-04T17:20:30-05:00September 4th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Federal Reserve policymakers appear to have grown more confident in their more optimistic assessment of the domestic situation. Since cutting the benchmark federal funds range by 25 bps on July 31, in speeches and in other ways Chairman Jay Powell and his group have taken on a more “hawkish” tilt. This isn’t all the way [...]

Rate Cuts Will Not Be The Fed’s First Insurance Policy

By |2019-07-30T16:45:35-05:00July 30th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I don’t think anyone really noticed the timing because nobody really noticed it had happened. What took place last year qualifies as a big deal in the world of central banking and moneyless monetary policy. The lack of clarity about it as well as what sure looks like indecision portrays an intellectual foundation at odds [...]

Powell’s Final Straw Wasn’t The S&P 500

By |2019-01-30T17:40:27-05:00January 30th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I have to agree with my colleague Joe Calhoun. Everyone thinks the Fed is (over)reacting to the stock market drop in December. There’s a little bit of truth in it, reading so many FOMC transcripts as I have you get the unmistakable sense the S&P 500 is unofficially included on the policy dashboard. In the [...]

Contact

Phone: 1-888-777-0970

Fax: 305-397-1686

RSS Recent Posts