Worst of both worlds from the Federal Reserve stokes continued selling
Yesterday, the Federal Reserve delivered the worst of both world's, as far as Wall Street is concerned. And the 25 basis point increase in benchmark interest rates doesn't even count--since that was what the market was expecting. First, the Fed drew attention to...
Market anticipating the Fed’s interest rate call this afternoon
Here's what the New York market is hoping for from the Federal Reserve this afternoon. An interest rate increase of 25 basis points New growth projections that show the Fed believes the economy is slowing somewhat. (This is a "good" since it would provide...
How will the President Trump wild card play out in the stock market this week?
Maybe that should be "wild cards." First, there's President Donald Trump's threat to shut down about 25% of the government on December 22 if Congress doesn't include $5 billion for his border wall in its bill to fund such government units as the Department of Homeland...
Saturday Night Quarterback says, For the week ahead expect…
... words to count. Big time. Everyone, including my Aunt Tilly, expects that the Federal Reserve will raise its benchmark interest rate 25 basis points at the Wednesday, December 19, meeting of the Open Market Committee. The CME FedWatch tool, which uses prices in...
Inflation numbers today continue to point to Federal Reserve interest rate increase on December 19
The core Consumer Price Index (CPI), a broad inflation measure that excludes volatile Food and energy prices, rose 0.2% in November from October. This core inflation rate is now up 2.2% over the last 12 months, an increase from a 2.1% rate in October, according to the...
Markets worry about everything this morning–especially bank and energy stocks
I dare you to find something global financial markets aren't worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we've got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day trade truce...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... a week of transition in the financial markets as the debacle of the post-Trump-Xi announcements moves further behind in the rear view mirror and the December 19 meeting of the Federal Reserve looms ever larger ahead. Last week, doubts that the Chinese had actually...
Was the Fed telling the markets something today?
The Federal Reserve's interest rate setting body, the Open Market Committee, meets on December 19 to 1) decide on a 25 basis point boost in benchmark interest rate, and 2) to tell financial markets what to expect on interest rate increases for 2019. It's No. 2 that's...
For the Fed, one and done–for a while?
This morning the November jobs report came in softer than expected--and that pretty much removed the last factor pushing the Federal Reserve toward aggressively raising interest rates in 2019. For November the economy added 155,000 jobs. That is still a strong...
Next potential major bump/boost in the road–Friday’s jobs report
Today markets are seeing a pullback as investors and traders have been left scratching their heads about exactly what, if anything, was agreed during the meeting between U.S. President Donald Trump and Chinese President Xi Jinping. (With some added nervousness because...
Trick or Trend: Does the Fed’s caution on interest rate increases in 2019 mean gold is coming back?
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Gold futures...Jim’s Stock Alerts
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