It really does not get more boring that the repo markets (Repurchase Agreement). But the repo market is a vital, yet not always well understood, part of the U.S. financial system. Simply put, the repo market represents a liquid, efficient, tested and safe way for firms to participate in a short-term financing arrangement, providing funding […]
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I hope you have all enjoyed your Labor Day weekend. I just want to give you a head’s up on what to expect this week: More Tariffs – President Trump hit China with 15% tariffs on $110 billion of China goods over the weekend, so despite both sides set to get back to the negotiating […]
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If you have followed any of the financial news outlets, you will hear about the inverted yield curve. Talk like that should get you thinking about short-term interest rates. The Fed Fund rate is one of the tools the Federal Reserve can use to carry out it’s two mandates: price stability and to maximize employment. […]
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The Jackson Hole Economic Symposium is one of the longest-standing central banking conferences in the world. The mission of the event is to foster an open discussion. Attendees are selected based on each year’s topic with additional consideration given to create regional diversity among attendees. Fed Chairman Jerome Powell kept his comments quite benign and the markets took […]
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The long awaited, two-day FOMC meeting ended today with the release of their statement, their forecasts, and the Q&A from Chairman Powell. What did we learn? The Federal Reserve on Wednesday left its short-term fed funds rate unchanged and said it “will closely monitor” the economy in light of growing “uncertainties.” The so-called dot-plot projections […]
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The number of non-farming new jobs was weak in May as employers added a mere 75,000 jobs. Normally, you would think that this would be bad for the economy and thus usually bad for stocks. But what it has done is bolster the Federal Reserve’s case for cutting interest rates as soon as this month, […]
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The Fed is again at the forefront of investor’s attention. After a decade of trying to right the ship, through various programs, we find ourselves again at an economic crossroads. Do they continue with their dovish stance on monetary policy, simply stay the course or even ramp things up by cutting rates? In order to […]
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