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The Federal Reserve wrapped up its June meeting. While the central bank didn't raise rates, the messaging coming out of the FOMC was widely viewed as hawkish. But was it really?Peter Schiff doesn't think so. In fact, he characterized the Fed's messaging as extremely dovish. And the fact that it continues to ignore inflation doesn't bode well for the future.
“The reason for the committee moving a bit in this direction is risk management,” said Jonathan Wright, an economics professor at Johns Hopkins University and a former Fed economist. “The risks of overheating are a bit greater than they were.”
The public health crisis looks as though it’s almost over, while a financial crisis so far has been avoided. The trickiest stage has now arrived. Good luck everyone.
The Federal Reserve on Wednesday tweaked the rates on some of the tools used to help control the benchmark even as it left unchanged the overall target range for the fed funds rate. The upward shift to the so-called administered rates comes amid the growing dollar glut in short-term funding markets that’s outstripping the supply of investable securities...
... and if the Fed even dares to mention tapering its $120 billion monthly bond-buying programs in this week's meeting and or maybe at Jackson Hole later this summer, the world's frothiest housing markets may face downward pressure.
Fed Sees Rising Rates in 2023 — DiMartino Booth and Jim Biancowith Charles Payne of Fox Business News
Social Security Cost-of-Living Adjustment for 2022 Could Be Higher Based on Rising Consumer PricesJun 17, 2021 - 05:22:14 PDT
As prices spike for consumer goods like gasoline and cars, the estimate for next year's Social Security cost-of-living adjustment is also rising.
10-Year Treasury Yield Stabilizes As Investors Digest Fed Projections for Inflation, Rate HikesJun 17, 2021 - 05:18:12 PDT
Treasury yields fell on Thursday morning, as investors digested the Federal Reserve's more hawkish monetary policy update.
Why Allianz’s Mohamed El-Erian Is Concerned the Fed Could Be Making a Policy MistakeJun 17, 2021 - 05:14:06 PDT
The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined "Squawk Box" on Thursday to discuss.
Bitcoin seems to be completing its massive head and shoulders pattern. Our initial short position is well in the money and so we have decided to add to our short position at a key level because we expect Bitcoin to keep moving much lower in the near future. Our initial target is a retest of the high made during the previous Bitcoin mania in 2017.
MARKET & METALS UPDATE JUN 17th: What Happens When Everyone Is On One Side Of The TradeJune 17, 2021
The selloff in the markets and metals continued today as the U.S. Dollar and Bond Market Rallied. In several past articles and videos, I had warned subscribers what happens when EVERYONE is on ONE SIDE of the TRADE. Today, we saw what happens when the WHIPSAW hits and the market dynamics begin...
Since the April 28th FOMC Meeting, Gold Is the Strong Outperformer While the Dollar Is UnchangedJun 16, 2021 - 12:57:15 PDT
Fed Blinks: Projects 2 Rate Hikes By End Of 2023. Since the April 28th FOMC meeting, gold is the strong outperformer while the dollar is unchanged. Bonds and stocks are up about the same (1.5-2%)...
The Fed has ignored all the urging to slow down purchases, Powell cut the rug from under any dissenters on the committee, is insisting on printing more than during the depth of the GFC w/ the hottest economy in 50 yrs, inflationary pressures & the largest asset bubble in history.
On another note… We think gold could DOUBLE and silver could increase by up to 5 TIMES in the next few years.
The dollar jumped against a basket of currencies on Wednesday after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a longstanding reference that the crisis was weighing on the economy.
Fed Meeting Live Updates: Follow the Big Policy Update, Chair Powell Briefing Here - 2:30 PM ETJun 16, 2021 - 11:24:51 PDT
Watch Fed Chair Jerome Powell's press conference and follow along with market reaction to the central bank's latest policy decision.
Gold climbed on Wednesday, with prices posting their first gain in four sessions. Gold prices then moved lower shortly after the Federal Open Market Committee kept its benchmark interest rate unchanged near zero, as expected, but increased its personal consumption expenditures forecasts for this year and next. August gold GCQ21, -0.77% was at $1,849.30 ...
Dow Drops More Than 300 Points After Fed Sees Inflation Jump, Rate Hike in 2023Jun 16, 2021 - 11:17:04 PDT
U.S. stocks dropped to their session lows on Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will hike interest rates next.
Fed Holds Rates Steady, but Raises Inflation Expectations Sharply and Makes No Mention of TaperJun 16, 2021 - 11:02:23 PDT
The Federal Reserve on Wednesday sharply raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates.
Jun 16, 2021 - 10:48:16 PDT
Ahead of The Federal Reserve meeting today, here are some interesting numbers that they won’t consider. :) The US export price index (end use) for all commodities for 17.43% year-over-year in…