<Click on chart for larger image> The Wall Street Journal – Yellen: No Rate Rise Until Economic Outlook Clears Fed chief doesn’t say when a hike could come, after stating in May a move ‘in the coming months’ appeared likely Federal Reserve Chairwoman Janet Yellen affirmed Monday that the central bank won’t be raising short-term… Continue reading Yellen Speaks
<Click on chart for larger image> Bloomberg Briefs – Richard Yarmone: Yellen’s U.S. Job-Market Gauge Posts Fifth Month in Red According to the Labor Market Conditions Index (LMCI), created by the Federal Reserve Board of Governors and Chair Janet Yellen in 2014, things are turning ugly. The last time conditions were this bad was during… Continue reading Yellen’s Favorite Labor Market Indicator Is Going The Wrong Way
<Click on graphic for larger image> Bloomberg.com – Draghi Smashes Corporate Yields to 1% Before a Bond Is Bought A rush for company debt as ECB readies to start purchases ‘Very scary’ prospect for some; push into speculative grade “The ECB is distorting the market,” said David Riley, who helps oversee $58 billion of assets… Continue reading The ECB and Corporate Bond Yields
The Financial Times – The period of maximum danger for bond investors is yet to come Maximum danger for bonds investors will come when European growth strengthens and US inflation rises Does the Federal Reserve have a credibility problem? That certainly is the view of Narayana Kocherlakota, former president of the Minneapolis Fed, who argues… Continue reading Fear of Inflation
The Wall Street Journal – Hillary Clinton Secures Delegates Needed to Clinch Democratic Nomination, AP Says Rival Bernie Sanders fights on as California, five other states hold contests Hillary Clinton secured the delegates needed to clinch the Democratic nomination Monday night, according to an Associated Press tally, crossing a historic threshold as she campaigned in… Continue reading Final Set Of Primaries Today
<Click on graphic for larger image> Bloomberg – China’s Debt Load Is (Much) Higher Than Previously Thought, Goldman Says New credit creation points to an “uncomfortable” trend. With many investors grappling to understand the degree to which China’s economic growth has been fueled by debt, efforts to get a grip on measures of new credit… Continue reading China’s Debt Load
The Washington Post – Lawrence Summers: Trump is a much worse threat than Brexit Trump is a much worse threat than Brexit Yet, as great as the risks of Brexit are to the British economy, I believe the risks to the U.S. and global economies of Trump’s election as president of the United States are… Continue reading Larry Doesn’t Like The Donald
<Click on graphic for larger image> The Wall Street Journal – Millions of New Vehicles in India Give Oil Prices a Lift The latest rebound in oil prices is getting help from an unexpected source: surging demand from Asia’s emerging economies The latest rebound in oil prices is getting help from an unexpected source: surging… Continue reading Is India Driving Oil Prices Higher?
<Click on chart for larger image> The Wall Street Journal – Bitcoin Rallies, but Lure Grows More Limited Virtual currency is no longer the hot topic it once was Even as investors move back into bitcoin, the virtual currency has lost its place in the global spotlight. Bitcoin is a hot investment. Since September of… Continue reading Bitcoin Climbs A Wall Of Worry
None Today
<Click on chart for larger image> The Financial Times – ‘Financial conditions’ indicator grips Fed watchers Market factors are increasingly important when trying to gauge the US central bank’s next move on rates The Fed insists its decisions on monetary policy are only dependent on economic data. But many investors point to last summer, when… Continue reading Fed Probability Study
<Click on chart for larger image> The Wall Street Journal – Jon Hilsenrath: Federal Reserve Plan for Raising Rates Sidetracked by Weak Jobs Data The Federal Reserve’s plans for raising short-term interest rates went on hold after Friday’s dismal jobs report, with officials now wanting to wait and see whether the economy remains on track… Continue reading Hilsenrath Calls Off June Hike & Says July Hike Is Less Likely