Newsclips
Understanding Fedspeak
June 20, 2019
The Fed's Summary of Economic Projections shows a difference of opinion in the direction of the funds rate beyond 2019.
The Fed's Summary of Economic Projections shows a difference of opinion in the direction of the funds rate beyond 2019.
Today's topics include Jay Powell's double secret probation, coordinated global central bank policy, gold's rally, investor purchases of homes, the difficulty in launching a hedge fund, the difficulty in keeping a hedge fund open, negative yield curves, adopting new technology and our recent tweets of note.
While the Fed is unlikely to cut rates later today, references to "patience" are likely to be removed from the statement. Likewise, the Fed's Summary of Economic Projections are likely to show lower expectations for the funds rate. This meeting should set the table for a series of rate cuts, starting as early as July.
Our latest Bloomberg column focuses on Stan Fischer's comments regarding Federal Reserve independence in the era of Trump tweets.
Today's topics include the Fed's inflation target, Trump vs Powell, slowing job growth, the ECB vs Trump, U.S. 10-year yield bounces off multi-year lows, private equity funds underperform, Trump's currency war, the weakening housing market and how Mifid II has impacted financial research.
Speculators and money managers are selling commodity futures aggressively, even though prices are not falling. They are betting on weakening demand due to slowing global economic growth.
China's forex reserves offer a decent proxy for the country's holdings of U.S. Treasury securities.
Today's topics include the Fed's control over interest rates, Trump's comments on the ECB’s latest announcement, investors most bearish since 2008, 1% bond yields, Trump and Xi, the Fed wants banks to battle climate change and Facebook’s new cryptocurrency.
Today's topics include the search for the next ECB president, timing a rate cut, Powell vs. Trump, uncertainty vs. volatility, Goldman's call on the FOMC, the ECB stands ready to act, interpreting an inverted yield curve, the Fed's balance sheet, Deutsche Bank, a look at negative-yielding debt, Blackrock & Vanguard control the boardroom, quant funds' bet on value stocks and our recent tweets of note.