At his November 1 press conference, Powell made the case that tighter financial conditions could act as a substitute for further Fed hikes: As I mentioned, persistent changes in broader financial conditions can have implications for the path of monetary... Read More
The Treasury Department's Office of Financial Research aggregates monthly SEC filings from money market funds to show industry-wide statistics.... Read More
The number of homes sold each month has fallen considerably from the January 2021 high. In October, 399k homes were sold.... Read More
Jim Bianco joins CNBC to discuss No Landing, Real GDP Growth, Sticky Inflation & the End of TINA with Kelly Evans, Steve Liesman & Nancy Tengler.... Read More
Jim Bianco joins CNBC to discuss No Landing, Real GDP Growth, Sticky Inflation & the End of TINA with Kelly Evans, Steve Liesman & Nancy Tengler.... Read More
Economists? median estimate for tomorrow?s payroll release is 186k. Estimates range from 45k to 275k. Seventy-two economists offered forecasts.... Read More
November's rally was among the top 10 best months for the S&P 500. The rally in risk assets was driven by two important forces: the narrative that the Fed would cut aggressively in 2024 and increasing liquidity from the New York Fed's Reserve Repo Facility. This is leading to easing financial conditions.... Read More
Bond bullishness in 2023 was predicated on a potential recession and inflation quickly returning to 2%. Neither scenario manifested itself and bond bulls were punished. As outlooks for 2024 emerge, forecasts look much the same.... Read More
Jim Bianco discusses External Forces on the Economy, Rate Hikes/Cuts in 24, Impact of Interest Rates with Charles Payne on Fox Business.... Read More
Jim Bianco discusses External Forces on the Economy, Rate Hikes/Cuts in 24, Impact of Interest Rates with Charles Payne on Fox Business.... Read More
Thanks to three years of rising prices, inflation expectations are becoming unanchored while financial conditions are easing. The Fed should respond by threatening to hike rates. Will they?... Read More
Fed funds traders' accuracy on the outcome of an FOMC meeting increases as the meeting draws closer. They are less reliable when determining the outcome of meetings further out on the calendar.... Read More
The global upheaval of the past several years has prompted economists and Wall Street to question many longstanding economic beliefs. But one belief that has yet to change is that long-run inflation will deviate much from 2%.... Read More
For the last few decades we have been in a low interest rate environment where deficit spending would not cause major issues. However, a 40-year high in inflation prompted the Fed to tighten monetary policy at a fast pace. Higher rates mean the cost of servicing U.S. debt will follow higher.... Read More
Tax receipts only cover 73% of federal spending as net interest costs are projected to rise.... Read More
Buybacks offer companies a way to increase shareholder value without issuing a taxable dividend. Buybacks areoften dominated by the largestweighted companies in the index. ... Read More
What is the collective of US stocks less the Mag 7 doing this year? Underperforming cash for the second straight year.... Read More
