Back in November, when the 2Y auction hit a cycle high of 4.513%, markets knowingly nodded muttering that the bond market was agreeing with the hawkish Fed. Since then however, things haven’t gone according to […]
Authored by Lance Roberts via The Epoch Times, Optimism is increasing on Wall Street, with investors hoping for a “soft landing” in the economy. “David Kelly, the chief global strategist at JPMorgan Asset Management, is […]
Authored by Rupert Darwall via RealClear Wire, Fed-speak, Alan Greenspan once explained, was about practicing the art of constructive ambiguity. Testifying to Congress as Fed chairman, Greenspan would resolve a sentence in a deliberately obscure […]
What a blowout auction. After a stellar 3Y, an impressive 10Y (both of which came in far stronger than expected, prompting us to correctly say there were zero jitters about today’s CPI print in the […]
Financial Conditions continue to ease since The Fed Minutes specifically warned against “unwarranted” easing of financial conditions… Source: Bloomberg Brace for Powell to go full Jackson-Hole tomorrow to assuage this kneejerk response asap. […]
Gold prices hit an eight-month high on Monday, helped by a drop in the US dollar after economic data late last week raised hopes for slower rate hikes from the Federal Reserve going forward. […]
Authored by Jeffrey Snider via RealClearMarkets.com, It was a riotous summer, the heat scorching the world from one end to the other. Many remember it for all the wrong symptoms, beginning with the so-called taper […]
Since the last FOMC statement on Dec 14th – when The Fed hiked by 50bps and gushed hawkishly – gold has outperformed while long-duration stocks have been the biggest loser with the dollar flat and […]
When it comes to the Fed’s resident Wall Street liaison (with prior stints at Goldman – where he laid out the framework of the Fed’s original bailout – and Pimco where he did who knows […]
Authored by Michael Maharrey via SchiffGold.com, Just before Christmas, Congress passed a massive omnibus spending bill. This is yet another blow to the Federal Reserve’s feckless fight against inflation. The $1.7 trillion bill will […]
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