From Merrrill Lynch: Our 1Q GDP tracking estimate held at 5.5% [Feb 26 estimate]emphasis addedFrom Goldman Sachs: We left our Q1 GDP tracking estimate unchanged at +6.0% (qoq ar). [Feb 25 estimate]From the NY Fed Nowcasting Reporthe New York Fed...
Related topics: Goldman Sachs
Jennifer Rubin: “The problem is that the GOP has transformed into a cult of the person who instigated the attack, fed propaganda to radicalize his party and refused to denounce white supremacists. The party is thus terrified of recognizing that...
The $20 trillion Treasury bond market is getting jittery. The question is what is the Federal Reserve going to do about it?As vaccines get jabbed into arms and Congress prepares to dish out another $1.9 trillion of support for the economy, investors...
John Williams.
REUTERS/Stelios Varias
US GDP could grow in 2021 by the most in decades, New York Fed President John Williams said.
Strong stimulus and continued vaccination stand to supercharge the nation's economic rebound, he added.
Still, he...
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This tweet caught my eye:
While rising three-year yields might represent a lack of commitment on the Fed’s part, rising interest rates are equally consistent with bond market participants now becoming more...
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United States Oil ETF (USO): ETF Research Reports To read this article on Zacks.com...
Mike Lindell appeared in a powerful interview on the Pete Santilli Show Tuesday night, where he explained how Dominion is lying about how he’s using his public fight to expose voter fraud to sell pillows.
100 Percent Fed Up – In his...
From the Kansas City Fed: Tenth District Manufacturing Activity Climbed HigherThe Federal Reserve Bank of Kansas City released the February Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve...
Related topics: Banking, Polls
Less Than 1 Basis Point Away From Convexity Disaster
(Update 1040am ET): well, we have crossed above the level where the selling in 5Y TSYs will become self-reinforcing.
Buyers better emerge here or the Fed is about to have a very,...
Postmaster General Louis DeJoy, a megadonor to former President Donald Trump, insisted during a House Oversight Committee hearing on Wednesday that he plans to remain at the head of the U.S. Postal Service "for a long time."
But President Joe Biden...
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1. U.S. stocks surged on Wednesday after Federal Reserve Chairman Jerome Powell reaffirmed the central bank's commitment to continuing policies to boost the economy, including keeping interest rates near zero. The Dow Jones Industrial Average jumped...
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AP Photo/Richard Drew
Global stocks gained Thursday after Jerome Powell struck a reassuring tone for central-bank policy.The Fed chairman said it could take more than three years before inflation reached the Fed's target of 2%.Yield on the 10-year...
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Enlarge / The Federal Reserve Building in Washington, DC. (credit: Rudy Sulgan / Getty Images)
Federal Reserve electronic systems that enable US banks to send each other electronic payments experienced a massive outage on Wednesday afternoon. A...
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Xinhua/Wang Ying/ Getty Images
The Dow Jones Industrial Average closed at record highs on Wednesday as Federal Reserve Chairman Powell signaled that the Fed will continue to remain accommodative. Powell wrapped up his second day of testimony...
The Federal Reserve’s systems for transferring money and financial assets among banks, businesses and government entities went offline for a period of time on Wednesday, upending crucial parts of the country’s financial infrastructure.The Fed...
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Nearly a year into the pandemic, people on both coasts are increasingly fed up with their leaders. In California, Democratic Gov. Gavin Newsom has done such a poor job handling COVID-19 that activists in the state have submitted more than 1.1...
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The outage has impacted many financial services, including Check 21, FedCash, Fedwire and the national settlement service. According to an official statement, the interruption was caused by "a Federal Reserve operational error".
The Fed Just Keeps Getting More And More Dovish
Via SchiffGold.com,
Is Jerome Powell the most dovish Fed chair yet?
Peter Schiff said he wasn’t when he first took the position and was raising interest rates. But he is now. The...
Well, that session sure did end a lot better than it began!
Stocks were in a full-fledged selloff this morning, but dovish testimony from Fed Chair Jerome Powell helped the major indices stage an impressive comeback that saw a long losing...