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Last week, the Federal Reserve announced it will maintain an interest rate target of zero to 0.25 percent for the rest of 2021. The Fed said it will also continue its monthly purchase of 120 billion dollars of Treasury and mortgage-backed securities.
Complacent consensus on inflation ignores explosion in money growth.
Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable level. Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years. But Powell said the increase mostly reflected temporary supply bottlenecks, and the fact that prices fell sharply...
The US has over $28 Trillion dollars in debt and it continues to grow at an alarming rate. Even before COVID-19, the problem was becoming unwieldy. Ironically, despite adding $4T+ in debt over the last year, the pandemic may have given the US Government short-term reprieve as it gave the Federal Reserve a green light to drop rates back to zero.
Jun 22, 2021 - 10:59:13 PDT
Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Select Subcommittee on the Coronavirus Crisis on the central bank's response to the coronavirus pandemic.
... Another risk is a sudden slump in the value of certain assets because of drastic government action to combat climate change, like the introduction of a steep carbon tax or regulations that keep fossil fuels in the ground. “The speed at which such re-pricing occurs is uncertain and could be decisive for financial stability,” Carney said.
A Politico article discusses an alleged Fed opportunity to remake the dollar. Let's discuss the idea.
Inflation is on everyone’s mind, as prices for goods and services have jumped over the last few months. But many of the market participants and company executives who are talking about inflation are also admitting that it may not be that big of a deal.
A discussion about raising interest rates is still quite a ways off as the Federal Reserve begins debating tapering its bond-buying program, New York Fed President John Williams said.“That’s still way off in the future,” Williams said of rate hikes during a Bloomberg Television interview on Tuesday...
Xi has placed China on a risky trajectory, one that threatens the achievements of his predecessors.
Join Mike Maloney for the latest Insiders Action Alert. Find out which assets Mike just bought, and which others he is looking at for future investment.
Russia on Monday announced that they had carried out an exercise simulating the sinking of an aircraft carrier, off the coast of Hawaii. The war games are the largest since the Cold War.
A surge in imports is overwhelming transportation networks and testing supply chains, making life hard for small-business owners.
The concept of issuing such a currency has been in discussion since 2017, but it decided to accelerate its research and preparation for the potential issuance.
Ray Dalio Says Fed Can’t Tighten ‘Without Having Big, Negative Effect’ on Markets: MWJun 22, 2021 - 09:03:21 PDT
‘You saw the reaction in the markets when the Fed just even hinted at tightening. I don’t’ think they can tighten a lot without having a big, negative effect.’
The investment firm’s deal for a company that buys and rents single-family homes is the latest sign Wall Street believes the U.S. housing market is going to stay hot.
After April's ugliness, today's Existing Home Sales data for May is the first chance to see signs of recovery in the housing market as state reopenings accelerate. Analysts, however, were not buying it, expecting a 2.1% MoM drop in the key data point, but the data did better than expected, dropping 'only' 0.9% MoM. That is the 4th straight month of existing home sales declines...
The Q2-2021 review of the Commitment Of Traders report (COT) confirms the stage is set for an unwelcome pickup in volatility.
Most Important Measure of Fed’s Economy: My “Per-Household Wealth Effect Monitor” for Q1, Based on Fed DataJun 22, 2021 - 08:13:22 PDT
How the “Wealth Effect” benefits Americans individually.
How messed up the economy has become, fueled by government moolah and Fed manna, when nothing and no one was ready for it.