From a monetary policy perspective, smooth is what you are aiming for. What central bankers want in this age of expectations management is for a little bit of steady inflation. Why not zero? Because, they decided, policymakers need some margin of error. Since there is no money in monetary policy, it takes time for oblique […]
Following the Federal Reserve Board’s announcement establishing the Term Asset-Backed Securities Loan Facility, and the announcement of updated terms and conditions, the New York Fed has released an initial set of Frequently Asked Questions to address …
Rumor has it that China will say bye bye to the trade deal. Futures were down when that “news” hit the Twitter. Now they’re up.
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Fed QE $11.000B Coupon Purchase 2020-05-12
As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet.We can summarize all that will unfold in the next few years in one line: The way of the Tao is reversal. This is the opening line of Chapter 40 of Lao T…
The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin purchases of exchange-traded funds (ETFs) on May 12.
Compared to every other manufacturer, Kia’s production facilities in Mexico were positively booming. According to that country’s Instituto Nacional de Estadística y Geografía (INEGI), last month the Korean carmaker produced 1,907 of its Forte model. Yet, that small amount accounted for more than half of all light vehicles assembled during the month of April 2020.For […]
The trends for the nation as a whole looked good as of Sunday May, 10. 20,329 new cases were reported Sunday. That’s down from 27,348, the previous Sunday. 25,524 cases were reported Saturday, May 9, down from 29,744 the previous Saturday. But unfortunately, that’s not the whole story.