As central bankers fret about their ability to offset future recessions given already-low rates, they are asking lawmakers to step up.
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There’s a renewed danger of recession this year, and to explain why it’s worth revisiting the recent past. I have argued that we normally would have had a recession last year, but a nimble Fed was able to...
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Yield Curve Collapse Accelerates After Fed's Brainard Hints At Japanification
A month ago, The Wall Street Journal hinted at what's to come when they reported that, as part of their contingency planning for the next recession, Federal...
Did The Fed Just Reveal Its Plans For A Digital Dollar Replacement?
Via Birch Gold Group,
Thanks to the Federal Reserve, the idea that you can go into a store and anonymously purchase something with cash might soon be obsolete.
Why?...
Related topics: Gold
From Merrill Lynch: We are tracking 0.7% qoq saar for 1Q GDP and 2.0% for 4Q. [Feb 21 estimate]emphasis addedFrom Goldman Sachs: we raised our Q1 GDP tracking estimate by one tenth to +1.5%. [Feb 19 estimate]From the NY Fed Nowcasting ReportThe New...
Related topics: Merrill Lynch, Goldman Sachs
30Y Yields Hit Record Lows, Gold Hits Record Highs
As stocks hover back near record highs, entirely shrugging off virus fears, the rest of the world's financial markets seem anything bit convinced this is a temporary shock - as The...
Related topics: Gold
From the Philly Fed: Current Manufacturing Indicators Suggest a Pickup in Growth in February Manufacturing firms reported an improvement in regional manufacturing activity, according to results from the February Manufacturing Business Outlook...
Related topics: Polls
The Cracks In US Households' Finances
Submitted by Micro Hive; authored by Dominique Dwor-Frecaut is a macro strategist based in Southern California. She has worked on EM and DMs at hedge funds, on the sell side, the NY Fed , the IMF...
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Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 210 thousand initial claims, up from 205 thousand the previous week.• Also at 8:30 AM, The Philly Fed manufacturing survey for...
Related topics: Unemployment, Polls
U.S. stock markets on Wednesday closed at record highs as the Federal Reserve indicated that it would leave rates unchanged for the foreseeable future.The S&P 500 closed at a record high of 3,386, while the Nasdaq composite closed at 9,817,...
Related topics: Nasdaq, US Equity Markets
President Trump tweeted in May 2019, “I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers ... great for U.S., not good for China!” As indicated by the chart below, which is based on the latest Federal Reserve data,...
Related topics: China
Who Bought The $1.3 Trillion In Debt The US Government Added In 2019?
Authored by Wolf Richter via WolfStreet.com,
Treasury securities are hot. The Fed backed up the truck. US banks & others bought too. But China dumped...
The US...
Related topics: Banking, China
While US trade tensions have receded, including with China, Federal Reserve officials worry the danger to the economy is not over, according to minutes of the last policy meeting released Wednesday. President Donald Trump last month signed a...
Related topics: China, Donald Trump
From the Fed: Minutes of the Federal Open Market Committee, January 28-29, 2020. A few excerpts: Participants generally saw the distribution of risks to the outlook for economic activity as somewhat more favorable than at the previous meeting,...
Related topics: FOMC
The Federal Reserve deemed current market risks as "somewhat more favorable" to those seen in late 2019 as coronavirus fears replaced trade tensions.
I have been having an ongoing debate with a friend who is part of the contingency of people who blame the Fed for many of the evils in the America.The Federal Reserve has been a subject of 717 posts on this site — both pre and post Great...
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FOMC Minutes See Rates "Appropriate", Warn Of "Elevated" Asset Levels, Suggest 'NotQE' Tapering Imminent
Since The Fed's statement on January 29th, the severity of the Covid-19 virus has escalated exponentially, economic data has disap
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As Sen. Bernie Sanders (I-Vt.) has become the front-runner in the Democratic presidential primary, several MSNBC hosts and contributors have had some unfavorable things to say about the socialist — and the Sanders campaign is getting fed...
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Looking at a select set of recent economic releases suggests the US economy is humming along, providing room for the Federal Reserve to let current monetary policy glide forward on autopilot. But a closer look at key trends in the Treasury market...
Yellen Says Fed Should Buy Stocks In The Next Crisis
Back in June 2017, there were several odd moment of bizarre honesty coupled with schizophrenic confusion under Janet Yellen's Fed.
First there was San Fran Fed president John...
Related topics: Janet Yellen