As expected, The Federal Reserve Open Market Committee left the Fed Funds Target rate unchanged at 1%.
While Treasury Secretary Mnuchin has been pushing extending the maturity of US Treasury Bonds beyond their current longest maturity of 30 years, the Treasury Borrowing Advisory Committee (TBAC) issued a warning against issuing “ultra-long” Treasury bonds.
The Pew Charitable Trusts recently came out with their study, “The State Pension Funding Gap. It ain’t getting any smaller.
When Donald Trump was elected on November 8, 2016, investors were overjoyed at the thought of deregulating the economy, repealing Obamacare and (at least) parts of the Dodd-Frank financial regulations. But things have changed.
According to the Atlanta Fed, Q2 GDP forecast is now 4.273%. The initial GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 4.3 percent on May 1.
The odds of an increase in Fed’s Target Rate at the Fed Open Market Committee meeting on Wednesday just took another blow.
According to the US Census Bureau, the US homeownership rate is back to pre-bubble levels.
The Atlanta Fed’s GDPNow Forecast model was just validated. The official print for Q1 US GDP growth is out and it is 0.7%.
Supreme Court Justice Potter Steward said in 1964 in the Jacobellis v. Ohio case, “I shall not today attempt further to define the kinds of material I understand to be embraced within that shorthand description [hard-core pornography]; and perhaps I could never succeed in intelligibly doing so. But I know it when I see it,
Yes, we are seeing the offloading of risk assets into structured bonds … again