Yes, and the woman going for a night swim in the film “Jaws” felt perfectly safe too. Until the music started.
Fed Unwinds Balance Sheet By $21 Billion! But Increases Floating-rate Note (FRN) and TIP Holdings By $3.84 Billion (Paranoid About Inflation?)
The Federal Reserve announced today that they unwound $21 billion from their $4.4 trillion balance sheet. The Fed redeemed $14.64 billion of T-Notes and T-Bonds and $10.31 billion of Agency MBS. But purchased $1.93 billion of US Treasury Floating Rate … Continue reading →
Atlanta Fed Q1 GDP Forecasts Skyrockets To 5.4% As Manufacturing Payrolls Highest Since January 2009
The Atlanta Fed’s GDP forecast model for Q1 was just increased to 5.4%.
Deutsche Bank AG strategist Binky Chadha (a disturbing name since my Basset Hound’s name was Binky) thinks that Contagion Risk (correlation among asset classes) is bad news.
The national’s capital, Washington DC and its sister city in Maryland, Baltimore has the distinction of leading the nation in year-over-year rent growth, according to Zumper.
Alan Greenspan says there are two bubbles: A stock market bubble and a bond market bubble (but missed the housing bubble)
Alan Greenspan, who didn’t think there was a housing bubble, now thinks there is a stock market bubble.
Between The Federal Reserve FINALLY normalizing interest rates and the constant friction in Congress over the Federal budget and debt ceiling, the Treasury market seems dazed and confused.
US Employment Cost Index Rises To 2.7%, Highest Level Since Q4 2008 (But Fed Unlikely To Raise Their Target Rate Today)
The Bureau of Labor Statistics Employment Cost Compensation Civilian Workers YoY rose to 2.7% YoY.
US Treasury 10Y Yield Highest Since 2014 (30Y Mortgage Rates Near Highs Since 2014) As Home Price Growth Hits 6.41% YoY (Seattle Fastest, DC Slowest)
US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet.
Atlanta Fed GDPNow Q1 Forecast at … 4.2% (Will Fed Feel More Comfortable Raising Their Target Rate?)
The Atlanta Fed’s GDPNow forecast model puts Q1 GDP at 4.2%. The initial GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 4.2 percent