Lies, Damned Lies, and Fed Press Conferences. The incessant outpouring of confidence in the future of economic growth in America espoused as reasoning for raising rates (when all around them, signals are collapsing) just got another slap in the face.
Last week, Bank of America became the latest bank to wonder if the Fed, no longer even remotely data-dependent, is now hiking rates for no other reason but to burst what increasingly more are calling a risk bubble, to wit:
Discussing the market's ongoing reaction to the schizophrenic split between the hawkish Fed and a market which now sees a 50% lower terminal Fed Funds rate than the FOMC, yesterday Jeff Gundlach said that the...
Yesterday, when looking at the divergence between the slowing US economy and the Fed's insistence on hiking rates, Bank of America's David Woo asked if there is a different motive behind the Fed's tightening intentions, namely is the Fed trying to po
The Federal Reserve claims it can continue "tightening" -- even though it is still leaving interest rates at historically low levels -- and begin unwinding its balance sheet, because the economy is "improving" and "will continue to improv
Expose Markets To Political Chaos... So as the week begins... Global equities are higher, fueled by Emmanuel Macron's big win in France's National Assembly election. The euro is virtually flat versus most major currencies as the elec
As a follow up to Eric Peters' comments on the Fed's ongoing tightening strategy (which he ascribed to the Fed's questionable desire to "subdue Wall Street"), the One River Asset Management CIO has some observations on what happens next, which roughl
The horrific shooting spree on the practice field of the GOP's congressional baseball team happened early in the morning, but it was hardly the end of Wednesday's madness on the Potomac.
In response to Free Money! Banks Paid $22 Billion to Not Lend? I received a comment from economist Professor George Selgin who said I do not know what I am talking about.
When the Fed last hiked rates by 25bps in March, China's central bank followed suit almost immediately by engaging in a "soft" hike, raising the rate on its various reverse repo operations by 10bps.
James Corbett responds to Jerry Day's Federal Reserve challenge. If "End the Fed" is to be anything more than a mantra, then we must have a plan in place for how to actually end the fed and what we do after it's gone. Find out James' respon
Business inventories fell 0.2% a bit more than the Econoday consensus estimate of a 0.1 percent decline.
- Fed Press Conference Live Feed
Just in case RBC's earlier warning that even a trace of hawkishness from the Fed after today's disappointing CPI report was a major risk, moments ago RBC's Charlie McElligott doubled down on his warning,...
James Corbett responds to Jerry Day's Federal Reserve challenge. If "End the Fed" is to be anything more than a mantra, then we must have a plan in place for how to actually end the fed and what we do after it's gone. Find out James' response in this
In an otherwise quiet morning as we await Jeff Sessions' testimony, a WSJ article is making the rounds which recounts the interactions between Trump and Janet Yellen - who it turns out were born two months apart in neighboring boroughs of New York Ci
In his latest weekend notes, One River Asset Management CIO, Eric Peters, picks up where BofA's Mike Hartnett left off on Friday when he said that the "QE Monster" will only end when "the Wall Street bubble" finally shocks the Fed.
But It Will Be The Federal Reserve's Fault Instead