rate cut

FOMC: Trust Us, Funding Pressures Don’t Really Matter

By |2019-09-18T16:29:45-05:00September 18th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Before the repo rumble this week, Federal Reserve Chairman Jay Powell wanted to coast into a second rate cut on the comforting breeze of his insurance rhetoric. No longer one and done, that’s done, a second straight cut would be more consistent with a more forceful yet unnecessary policy response. Again, his publicly stated view [...]

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 [...]

US Industrial Downturn: What If Oil and Inventory Join It?

By |2019-08-15T18:42:26-05:00August 15th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Revised estimates from the Federal Reserve are beginning to suggest another area for concern in the US economy. There hadn’t really been all that much supply side capex activity taking place to begin with. Despite the idea of an economic boom in 2017, businesses across the whole economy just hadn’t been building like there was [...]

There’s Dollar In The Rate Cut, But Not Nearly Enough Dollar

By |2019-07-31T16:54:04-05:00July 31st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The insurance rate cut has been issued. Telling the assembled members of the press this is nothing more than a “mid-cycle adjustment”, Chairman Powell was cautious not to betray too much concern. The first rule of central banking is not to make anything worse. Subprime must always be contained. Yet, he has the unenviable task [...]

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