The Atlanta Fed has update their Q2 GDP forecast and it is now 3.6%, exactly twice the forecast GDP of The New York Fed’s Nowcast at 1.80%.
Volatility and risk seems to have vanished from financial markets. The VIX, the S&P500 index of volatility, is now at its lowest point since 1993. And the Citi Macro Index is down to a low level last seen in 2012 and late 2009. One reason? The Federal Reserve (and the other global Central Banks) have height=”1″/>
According to CNBC, Bank of Japan Governor Haruhiko Kuroda explained that he is seeing shifts in the country’s labor market, and that could augur good things for the Japanese economy. I certainly hope so
According to the New York Fed’s Survey of Households, it was revealed that household spending growth expectations took a big nosedive as of April 30, 2017. But before you start saying “Trump’s fault,” bear in mind that the expectation of household spending growth has been slowing since December 2014 (see orange line). The decline merely accelerated […]
While the US is experiencing a fiasco with healthcare insurers pulling out of states leaving some states with only 1 or zero insurers (and healthcare premiums skyrocketing in many states), there is a fiasco north of the border as well with Alt-A mortgage lender Home Capital. Home Capital is seeking ADDITIONAL emergency funding as […]
No wonder Janet Yellen, Stanley Fischer and other members of The Fed’s Open Market Committee (FOMC) are confused. They can’t even find any uniform opinion on GDP growth.
Another good news and bad news jobs report from the Bureau of Labor Statistics.
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.