Cleveland Fed Mester Says Interest Rates Above Four as Appropriate

Cleveland Fed President Loretta Mester commented on rates and inflation again today as markets brace for the latest US jobs report. “I would pencil in going a bit above four as appropriate,” she said. In the background inflation is heading for negative month to month prints as oil continues to slide after a series of bearish EIA storage numbers. What will the talking heads spin there? On that Mester said need to see several months of monthly changes moving down … Continue reading “Cleveland Fed Mester Says Interest Rates Above Four as Appropriate”

Fed’s Bullard Says Yield Curve More Normal Bullish For US Economy

A dovish St. Louis Fed President Bullard speaking in Louisville said the yield curve is in more normal state which could be bullish for the economy in 2020. Risks remain but Fed cuts this year may prompy growth

Fed Chair Powell Says With Trade Tensions Will Act As Appropriate to Sustain the Expansion

Speaking in Chicago Federal Reserve Chairman Jerome Powell at “Conference on Monetary Strategy, Tools and Communications Practices” in decidely more dovish and watchful rhetoric talking of rates, trade talks and sustaining growth.

A More Flexible and Risk Aware Fed Chair Powell Lifts Markets

Federal Reserve Chairman Jerome Powell spoke in a moderated roundtable discussion at the American Economics Association meeting in Atlanta with predecessors Janet Yellen and Ben Bernanke in a decidely more dovish rhetoric and risk aware tone.

Fed Chair Powell Dovish Tone Sends Stockmarket Soaring, Hits US Dollar

Heading into this weekend’s G20 and with criticism from President Trump Federal Reserve Chairman Jerome Powell spoke at the New York Economic Club with decidely more dovish rhetoric talking of rates hikes mainly in the past tense and current rates “just below’ neutral.

US Dollar and Stocks Rally After Fed Chair Powell Senate Testimony

Federal Reserve Chairman Jerome Powell testified before the Banking Housing and Urban Affairs of the US Senate Tuesday. The stock market which had been sold off after Netflix missed earnings rebounded as did the US dollar on his words. 

Fed Chair Powell says We Don’t Really Have An Answer on Wages

With Trade Wars all around us Federal Reserve Chairman Jerome Powell sat down with marketplace radio and waxed lyrical about the Fed and the economy. However he admitted to being puzzled and not having an answer on why wages aren’t higher.

U.S. Dollar and Yields Rise With Probability of Four Fed Hikes

The U.S. dollar and US Treasury yields continued their upward trajectory yesterday. Ten-year yields moved above 3.11% with $EURUSD under 118 and $USDJPY over 110.50. With sizeable positioning now on any comments on monetary policy from the Fed will be played off.