FOMC Preview: Fed to Affirm Tapering Could Come This Year. Focus Turns to Dot Plot
Since the Jackson Hole symposium and the FOMC minutes, the pandemic has worsened in the US, while economic growth appears to be losing steam. These suggest that all monetary policy measures will stay unchanged with asset purchases staying at US$120B...
Fed Research – Preview: What to Do in a Bad Trade-Off?
Key takeaways The Fed is in a difficult position amid slower growth and still high inflation. Given the weak jobs report and lower-than-anticipated inflation in August, we expect the Fed will refrain from providing more details at this meeting, as...
Dollar and Yen the Runaway Leader on Increasing Risk of Correction in Stocks
Dollar and Yen were the runaway leaders in the forex markets last week. While Fed is not quite likely to announce tapering this week, recent solid data argues that November would finally be the date. Stocks in US and Europe...
Musical Chairs at the Fed: Powell or Brainard?
Summary Jerome Powell’s term as Chair of the Federal Reserve is scheduled to end in February, and President Biden will need to decide whom to nominate. Should he stick with Powell or go with someone else? Online betting markets give...
Weekly Economic & Financial Commentary: August Data Holding Up Despite Delta
Summary United States: August Data Holding Up Despite Delta Data released this week generally showed a stronger economy in August than many expected in the wake of surging COVID cases. Retail sales jumped 0.7%, defying expectations for a decline, and...
The Weekly Bottom Line: Blame Both Supply & Demand for Inflation
U.S. Highlights Retail sales surprised on the upside in August, growing by 0.7% month-on-month. This followed a downward revision to the decline in July, but suggests resilience in the face of increased headwinds. Consumer price inflation slowed in August. From...
After years of being ‘squeaky clean,’ the Federal Reserve is surrounded by controversy
The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg | Getty Images The Federal Reserve has a big meeting on tap next week, one that will be held under the...
Billionaire Peter Thiel could be forced to pull $5 billion from his retirement account, if House bill passes
Billionaire Peter Thiel, PayPal co-founder and chairman of Palantir Technologies, during a news conference in Tokyo, Japan, on Nov. 18, 2019. Kiyoshi Ota/Bloomberg via Getty Images Billionaire Peter Thiel and others with huge retirement account balances are in lawmakers’ crosshairs....
Stocks making the biggest moves midday: FedEx, U.S. Steel, Thermo Fisher, Moderna, Invesco and more
Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. Thermo Fisher Scientific — The maker of scientific equipment saw shares...
Suspicious trades were made before Goldman’s $2.2 billion acquisition of GreenSky, options experts say
The day before Goldman Sachs announced its $2.2 billion purchase of fintech lender GreenSky, someone placed options trades that immediately soared in value, moves that market participants say indicates advance knowledge of the deal. On Sept. 14, the trader bought...