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.
It is definitely not good news. Technical Trader subscribers, click here to download the report. 90 Days Risk Free If You Join Now! Try Lee…
If we put ourselves in the shoes of the Chinese negotiators, we realize there’s no need to sign a deal at all.The world’s worst negotiating strategy is to give the other side everything they want in exchange for worthless empty promises, yet this is ex…
The Fed cut rates, the ECB officially launched QE, and a parade of administration officials touted progress on the ever elusive China trade deal for the 100th time and voila: Markets breaking […]
With global policy rates already so low, the future will see even greater central bank reliance on QE. And central bankers are determined to ignore excesses.
There wasn’t much by way of the ISM’s Manufacturing PMI to allay fears of recession. Much like the payroll numbers, an uncolored analysis of them, there was far more bad than good.
Better-than-expected is the new strong. Even I’m amazed at the satisfaction being taken with October’s payroll numbers. While you never focus too much on one monthly estimate, this time it might be time to do so. But not for those other reasons. Sure, GM caused some disruption and the Census is winding down, both putting […]
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.
While many on both sides of the Pacific keep forecasting, predicting, and counting on the Chinese economy to bottom out and start heading even a little higher, it just isn’t happening.
New York | The Federal Open Market Committee cut the target for short-term funds another quarter point last night, raising the question as to whether the central bank can actually defend the 1.75% upper bound of the new policy range. Fact is, demand for short-term funding is pulling rates higher as the year draws to a close.