Mr Market is back up to his old, indecisive tricks. Having failed to learn from past experience, he's once again “Waiting for Godot.”
The Fed’s continuing easy money policies under Jay Powell should continue to prod at least some inflationary activity later in the year.
Continuing confusion over the Fed, the upcoming UK election, and the always-tantalizing China trade issue continues to roil US stocks.
Wednesday, for the third time in four months, the Fed cut the federal funds rate. Fed chair Powell indicating that the interest rates are probably right
Even though interest rates are still low by historical standards, monetary policy should set growth as the number one priority.
2018's bond market weirdness led us to read a variety of articles and studies analyzing this boring sector. The most puzzling thing about the bond outlook for at least the next two quarters involves bonds' recent, downright odd stability in terms of yield.
The best economic news: U.S. personal income increased by 0.4% in January. But because of the recently passed tax cut, disposable income (income after paying taxes) increased by a whopping 0.9%.
A primary focus will be Fed Chair Jerome Powell's first-ever economic testimony before a GOP Congress that's worried about interest rates.
Let’s just spend a few paragraphs on today’s current and rather remarkable Wall Street rally. Then, we will exit before Wacky Wednesday deposits egg on our analytical faces.
This coming hyperinflationary surge, so these fearmongers say, will immediately cause the American economy to tumble into a deep recession. No doubt, hyperinflation will arrive just in time to defeat the GOP in this fall’s Congressional elections.
Through the proper use of fiscal policy and more specifically, income tax policy, we can realize tax cuts and encourage economic growth.
Fed Chair hints interest rate hikes may moderate. Most stocks rally, oil gets a boost, financials lag and bond prices weaken.
Markets appear to have misjudged the Republicans' ability to move their own much ballyhooed agenda despite controlling both the legislative and executive branches of the government.
Boston Fed President Eric Rosengren, former interest rate dove, says interest rates should go up as low rates could overheat the U.S. economy. Really? THIS economy?
WASHINGTON, March 24, 2016 – As long as the Maven has lived in northern Virginia, not far from the nation’s capital – nearly half a century with only a four-year break—he’s been profoundly disturbed by the way government officials and politicians pop off to make themselves look good without regard to what their words might ...
WASHINGTON, Dec. 19, 2015 – In our previous article, we provided a short history of how the U.S. Federal Reserve Bank has generally dealt with inflationary and deflationary forces after its Great Mistake of 1937. Simply stated, the central bank’s policies after that point dictated easier, cheaper and more available money during hard times (recessions); ...
WASHINGTON, June 17, 2015 – The Federal Reserve’s Open Market Committee (FOMC) minutes were officially released on schedule Wednesday afternoon. Stock averages had moved from positive to negative prior to the announcement, but are now attempting to rally again amidst considerable volatility. Today’s minutes put the final nail in the coffin of June interest rate ...
WASHINGTON, March 6, 2015 − Overall, this March’s Beige Book report was optimistic. Officially entitled “Summary of Commentary on Current Economic Conditions,” this widely read Federal Reserve Board publication is issued eight times a year in advance of Federal Open Market Committee (FOMC) meetings. Anecdotal information is included from each Federal Reserve district. Issued March ...
WASHINGTON, December 26, 2014 – The Russian economy, already in a slump, will enter a sharp recession next year, accompanied by double-digit inflation. This is according to Russian government ministers, who blame Western sanctions against Russia over the annexation of Crimea and the plummeting price of oil. The sanctions have blocked foreign investment in the ...
By wresting the definition of “money” away from our Gruberian experts I hope to rebuild a political conversation around the economy.