In a holiday-shortened week, we gobbled up some small helpings of economic data but the main show was Wednesday’s release of the minutes for the…
Friendly inflation data and apparent political gridlock have put financial markets in a good mood as this week draws to a close. As the dust…
The first week of November was not boring for financial markets as we got an important read on both the labor market and the current…
That great monetary economist William Shakespeare wrote that “Those who rush, stumble and fall”. This observation may be starting to take hold with respect to…
US Inflation continued to misbehave in September, prompting another week of policymakers calling for rates to go higher and stay there until price pressures fade.…
Chaos and confusion in UK economic policy sent shockwaves rippling through markets this week, right on the heels of the Fed’s third consecutive 75bps rate…
The cost of borrowing continues to rise in order to fight the rising cost of everything else. The great post-pandemic inflation is very much alive,…
The Federal Reserve has numerous tools at its disposal that can be used to conduct monetary policy. Rate moves, reserve requirements, open market operations, asset…
Bond yields drifted higher this week as markets continued to digest the blunt words of Fed Chairman Powell last Friday regarding the central bank’s “overarching…
It’s the last week in August and that means two things: football season is about to kick off, and the Federal Reserve is hosting its…
In the last forty-five days, the yield on the 10yr T-Note has traded in a 100bps range, from a low of 2.51% to a high…
Financial markets are very good at discounting future events. The anticipatory pricing-in of expected future Fed policy changes, for example, is already baked in the…
It was a hot midsummer week, actually and metaphorically. Temperatures were about as high as expected, but inflation rates were even higher. Consumer prices over…
“The relative calm in financial markets recently has caused a significant degree of complacency. The truth of the matter is that we are probably in…
This shortened post-holiday week began with signs of a hawkish Fed, underscored by minutes from the June FOMC meeting and comments from two policymakers who…
Don’t look now, but the bond market has rallied like a monster in the last two weeks. After reaching 3.50%, the highest level in eleven…
As we approach the mid-point of the year, all eyes have been focused on the Fed and their “expeditious” determination to stamp out inflation. An…
As the first week of summer began, Federal Reserve Vice-Chair Lael Brainard stuck to the script on aggressive monetary policy by clarifying her support for…
Most financial markets got clobbered again this week as Fed Chairman Powell reiterated the Fed’s intention to raise interest rates as much as is necessary…
Here in the great plains, the month of May is traditionally considered “storm season” when the likelihood of tornados and severe weather is at its…