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Posts Tagged ‘Federal Reserve’

To QE Infinity and beyond for the Federal Reserve?

Last week Federal Reserve Vice Chair for Supervision Randal Quarles suggested that the Federal Reserve may need to buy Treasury and other bonds forever. Quantitative easing isn't a temporary measure to assure bond market stability during the coronavirus recession, Quarles hinted. Instead it is a permanent measure forced on the Federal Reserve by the ballooning […]

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Special Report: Your Investing Guide for the Next Six Dangerous Stock Market Months (Complete with 14 picks)

Yikes. Does this market have enough volatility for you? And I think that volatility will only get worse over the next two to six months, I can't remember a market with so much potential to move up or down in big relatively short-term volatility as this one. Just as critical I can see each of […]

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Saturday Night Quarterback says, For the weeks ahead expect…

... junk bond sales and prices to be a key indicator of cash flows in the market--and of worries about a new surge in coronavirus cases this fall. Until this past week companies continued to raise huge sums--$18 billion in the week ended on September 18--in the market for high yield (junk bonds). The huge […]

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Stock market rethinks its initial enthusiasm for Fed outlook

At 2:30 p.m. New York time, about the time the Federal Reserve issued its press statement on today's meeting of the Fed's interest rate setting body the Open Market Committee and about the time when Fed chair Jerome Powell issued his comments on the meeting, stocks were up. The Standard & Poor's 500 was ahead […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

...nothing of consequence from the Federal Reserve when it ends its September meeting on Wednesday, September 16. At least that's the market consensus right now. Which means that if the Fed makes adds a statement on inflation, or interest rates, or about the economy, it could surprise the financial markets. Inflation at the consumer level […]

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Is the Fed doing a Bank of Japan in the mortgage market?

Since March the Federal Reserve has bought  $1 trillion of mortgage bonds. The Fed bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month. It now owns almost a third of bonds backed by home loans in the United States. The […]

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Powell announces anticipated shift in policy framework at the Fed yesterday: 0% for longer

As anticipated in Wednesday's rally--the Standard & Poor's 500 climbed 1.02% and the NASDAQ Composite was up 1.73%--Federal Reserve Chair Jerome Powell on Thursday announced that going forward the Fed would let inflation rise to above its current target of 2% from time to time in an effort to achieve maximum employment in the U.S. […]

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Market passes baton back to Fed’s Powell Put for today’s rally

On Monday the Standard & Poor's 500 and the NASDAQ Composite hit new all-time highs on what I'm calling the Vaccine Put, the hope that we'll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020 or perhaps before the November elections. That would immediately lead […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

... Wall Street to be hanging on the words of a Thursday, August 27 speech. Not the one that night where Donald Trump accepts the Republican Party nomination for President. That's unlikely to offer any surprises to the stock market. Instead the key speech that day is the one from Federal Reserve chair Jerome Powell […]

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Federal Reserve minutes show bank not yet ready for yield curve targeting

So Wall Street still has something to look forward to from the Federal Reserve. In the minutes from the June 10 meeting of its interest rate setting Open Market Committee, Federal officials said that they wanted to ind a way to provide more forward guidance on interest rates and asset purchases (although I'm puzzled at […]

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