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he Fed has called it wrong from the beginning, too fast, too slow. They even tightened in the beginning. Others are running circles around them and laughing all the way to the bank. Dollar & Rates are hurting...
Well that de-escalated quickly...
One of Christine Lagarde’s most important tools for stimulating inflation might be falling out of favor even before she gets to wield it as European Central Bank...
As expected, the Federal Reserve cut interest rates another 25 basis points on Wednesday.The mainstream read the post FOMC meeting comments to be relatively hawkish, saying Powell and Company seemed to indicate that future rate cutting is on pause.Peter Schiff opened up his podcast reminding us that just one year ago, the Fed was raising rates and telling us it would continue to do so through 2019. It also claimed that quantitative tightening was on "autopilot."
That raised the year-on-year rate of gain in the ECI to 2.8%. Labor costs advanced 2.7% on a year-on-year basis in the second quarter.
While the low levels of claims suggest solid labor market conditions, job growth is expected to have slowed sharply in October.
...plunging from 50.4 in August to 43.2 (contraction) in October (well below the 48.0 expected).
Gold prices climbed on Thursday as the U.S. dollar weakened after the Federal Reserve cut interest rates for the third time this year, but signaled the monetary-easing cycle would be paused.
"I think we would need to see a really significant move up in inflation that's persistent" before hiking rates again, Powell said Wednesday.
A 'Growing Club' of Powerful Countries Are Steering Away from the DollarOct 31, 2019 - 06:07:18 PDT
CNBC: The greenback's status as the world's major reserve currency could come under threat, as a group of countries seeks to undermine its importance, according to Anne Korin of the Institute for the Analysis of Global Security.
U.S. SEC Considers Relaxing Post-Crisis Structured Mortgage Product RulesOct 31, 2019 - 06:02:23 PDT
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it was seeki...
Perhaps you’ve noticed: The world isn’t in especially great shape.
Diminishing balance sheet struggles with liquidity demands...
It would, he said, lift U.S. sustained annual economic growth to 3%, or even as high as 6%. His advisers said it would boost average household incomes by at least $4,000 a year. His Treasury secretary said it would pay for itself.
The data disappointed with personal income up 0.3% MoM (in line with expectations) but spending rose just 0.2% MoM (below the +0.3% MoM expected).
Last Tuesday, the S&P 500 made a record high as markets anticipated another Fed rate cut. Some analysts say the big risk is that we're seeing a boost in asset prices but no real uptick in the actual economy. Peter Schiff appeared on RT Boom Bust to talk about it. He said investors buying onto all of this Wall Street hype are in for a painful awakening.
The same gloomy numbers are likely to be confirmed by Eurostat on Thursday. The decline is driven by manufacturing. Sentiment in services was positive in September and October...
Hong Kong’s economy contracted sharply in the third quarter as it entered a recession, exceeding economists’ worst estimates of the damage from nearly five months...
The Bank of Japan resorted to words rather than fresh policy action in dealing with the effects of a global slowdown and limp inflation, in contrast to the response...
Factory activity in China shrank for the sixth straight month in October and by ...