Tag Archives: Central Banks

April 27, 2018

Jim’s View: The Oldest Story In Finance
Posted By Jim Bianco | Newsclips

The Fed is projecting six more rate hikes by the end of 2019. Risk markets are afraid this will lead to a repeat of the oldest story in finance - too many hikes will invert the curve and cause a recession. There will be opportunities for the Fed to moderate this stance, but so far they have shown no interest in backing down.... Read More

April 19, 2018

Central Banks

Timing The Rate Hikes
Posted By Jim Bianco | Newsclips

Expectations have been creeping higher for Fed hikes, but don't read too much into it just yet.... Read More

April 18, 2018

Central Banks

Tracking The Fed’s Balance Sheet Reductions
Posted By Jim Bianco | Charts of the Week

The Fed is falling short of planned balance sheet reductions. So far this is only a small deviation, but it bears watching.... Read More

Central Banks

Checking In On Central Bank Balance Sheets
Posted By Ryan Malo | Charts of the Week

Although the Fed has begun the process of normalizing its balance sheet, central bank balance sheets across the globe are still larger than ever.... Read More

April 12, 2018

Central Banks

The FOMC Mentions Possibility Of More Rate Hikes, The Markets Remain Unconvinced
Posted By Greg Blaha | Newsclips

Yesterday's FOMC minutes showed many participants eyeing a faster pace of hikes than previously expected. The markets remain unconvinced.... Read More

March 22, 2018

Central Banks

The FOMC Meeting – Three Hikes vs. Four
Posted By Greg Blaha | Newsclips

While the median forecast for three hikes in 2018 remains unchanged in the latest Summary of Economic Projections, a close look at each dot shows how close the Fed was to projecting four hikes.... Read More

March 21, 2018

Central Banks

Tracking The Fed’s Balance Sheet Reductions
Posted By Jim Bianco | Charts of the Week

Today the Fed increased the speed at which it will reduce its balance sheet to $30 billion per month. These charts track their progress so far.... Read More

Central Banks

Understanding Fedspeak
Posted By Greg Blaha | Charts of the Week

So far Powell seems to be continuing the job started by Yellen. Statements remain shorter and easier to understand than those of the past 5 years.... Read More

Central Banks

Financial Conditions Primed to Tighten Without Rising Inflation and Wages
Posted By Ben Breitholtz | Featured, Newsclips

Hawkish rhetoric is warranted given improved economic conditions and heightened financial leverage. But, inflation and wages need to rebound into the summer to support three-plus hikes by the Federal Reserve over the next 12 months. Languishing inflation would exacerbate the tightening of financial conditions, likely quickly testing Powell's tolerance.... Read More

Central Banks

The FOMC Decision Is Today
Posted By Jim Bianco | Newsclips

While a hike is a virtual certainty at today's meeting, rumors that the Fed may begin holding pressers at every meeting have the potential to shift the Fed's timetable.... Read More

March 14, 2018

Central Banks

Slowing Consumer Trends, Reversal Rate Problematic for Fed
Posted By Ben Breitholtz | Featured, Newsclips

Consumer search trends reflect moderately slowing spending behavior, which is not supportive for rip-roaring inflation. The Fed remains hampered by a reversal rate near 150 bps. Inflation gains are required to maintain the premiums now built into U.S. Treasury yields and the hoped pace of tightening by Powell et al.... Read More

March 7, 2018

Central Banks

Most Hawkish Fed Post-Crisis, But Reversal Rate Keeps a Lid on Tightening
Posted By Ben Breitholtz | Featured, Newsclips

Powell is taking the helm of a Federal Reserve offering its strongest hawkish rhetoric since prior to the crisis. Confidence is rising given Brainard's latest speech, but the room for tightening is likely small. All in all, this may be steepening-friendly over the short-term for the U.S. Treasury yield curve.... Read More

March 5, 2018

Central Banks

Move Over Federal Reserve, All Eyes are on the ECB and BoJ
Posted By Ben Breitholtz | Featured, Newsclips

Hawkish central bank rhetoric has become ubiquitous as investors and the financial media discuss the eventual end to stimulus. The Federal Reserve is no longer the most hawkishly discussed, passing the baton to the ECB and BoJ. Markets are becoming increasingly concerned with global sovereigns exhibiting a very tight, linear relationship to balance sheet expectations.... Read More

Central Banks

News Trends Indicate Rate Hike Expectations Too Lofty for Bank of Canada
Posted By Ben Breitholtz | Newsclips

Rate hike expectations for the Bank of Canada appear too high according to hawkish and dovish news trends.... Read More

February 28, 2018

Central Banks

Powell Discusses Rate Hikes, Inflation, Wages
Newsclips

Jerome Powell discusses rate hikes in light of his economic outlook.... Read More

February 23, 2018

Central Banks

Central Bank Policy
Newsclips

Central banks are tightening on average for the first time since late 2008, finishing the longest easing cycle on record of 108 consecutive months to close December 2017.... Read More

Jim’s View: The Oldest Story In Finance Posted By Jim Bianco | Newsclips

Timing The Rate Hikes Posted By Jim Bianco | Newsclips

Tracking The Fed’s Balance Sheet Reductions Posted By Jim Bianco | Charts of the Week

Checking In On Central Bank Balance Sheets Posted By Ryan Malo | Charts of the Week

The FOMC Mentions Possibility Of More Rate Hikes, The Markets Remain Unconvinced Posted By Greg Blaha | Newsclips

The FOMC Meeting – Three Hikes vs. Four Posted By Greg Blaha | Newsclips

Tracking The Fed’s Balance Sheet Reductions Posted By Jim Bianco | Charts of the Week

Understanding Fedspeak Posted By Greg Blaha | Charts of the Week

Financial Conditions Primed to Tighten Without Rising Inflation and Wages Posted By Ben Breitholtz | Featured, Newsclips

The FOMC Decision Is Today Posted By Jim Bianco | Newsclips

Slowing Consumer Trends, Reversal Rate Problematic for Fed Posted By Ben Breitholtz | Featured, Newsclips

Most Hawkish Fed Post-Crisis, But Reversal Rate Keeps a Lid on Tightening Posted By Ben Breitholtz | Featured, Newsclips

Move Over Federal Reserve, All Eyes are on the ECB and BoJ Posted By Ben Breitholtz | Featured, Newsclips

News Trends Indicate Rate Hike Expectations Too Lofty for Bank of Canada Posted By Ben Breitholtz | Newsclips

Powell Discusses Rate Hikes, Inflation, Wages Newsclips

Central Bank Policy Newsclips

Jim’s View: The Oldest Story In Finance
Posted By Jim Bianco | Newsclips

Timing The Rate Hikes
Posted By Jim Bianco | Newsclips

Tracking The Fed’s Balance Sheet Reductions
Posted By Jim Bianco | Charts of the Week

Checking In On Central Bank Balance Sheets
Posted By Ryan Malo | Charts of the Week

The FOMC Mentions Possibility Of More Rate Hikes, The Markets Remain Unconvinced
Posted By Greg Blaha | Newsclips

The FOMC Meeting – Three Hikes vs. Four
Posted By Greg Blaha | Newsclips

Tracking The Fed’s Balance Sheet Reductions
Posted By Jim Bianco | Charts of the Week

Understanding Fedspeak
Posted By Greg Blaha | Charts of the Week

Financial Conditions Primed to Tighten Without Rising Inflation and Wages
Posted By Ben Breitholtz | Featured, Newsclips

The FOMC Decision Is Today
Posted By Jim Bianco | Newsclips

Slowing Consumer Trends, Reversal Rate Problematic for Fed
Posted By Ben Breitholtz | Featured, Newsclips

Most Hawkish Fed Post-Crisis, But Reversal Rate Keeps a Lid on Tightening
Posted By Ben Breitholtz | Featured, Newsclips

Move Over Federal Reserve, All Eyes are on the ECB and BoJ
Posted By Ben Breitholtz | Featured, Newsclips

News Trends Indicate Rate Hike Expectations Too Lofty for Bank of Canada
Posted By Ben Breitholtz | Newsclips

Powell Discusses Rate Hikes, Inflation, Wages
Newsclips

Central Bank Policy
Newsclips