Fed’s Yellen gives markets freedom to assume Fed will delay interest rate increases
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...For today a drop in crude inventories out weighs another OPEC policy failure
This morning the U.S. Energy Information Administration reported that U.S. crude inventories fell by 1.37 million barrels for the week ended May 27. That was less than the 2.5 million barrel decline projected by energy analysts surveyed by Bloomberg. But at least the move was in the right direction–downward
U.S. stocks mark time waiting for Friday’s jobs report for May
With U.S. stocks bumping up against the top of the recent trading range of 2100 on the Standard & Poor’s 500 index–and near the May 2015 all-time high for the index at 2135–markets need good news to push stock prices higher. But every piece of good news also increases the likelihood that the Federal Reserve will raise interest rates at its June 15 or July 27 meetings
Consumer spending beats projections for April, but expectations fall for next 6 months
A report from the Commerce Department this morning showed consumer spending picking up by 1% in April. Wages and salaries gained 0.5%. All that argues that the U.S. economy is set to rebound after weak growth in GDP in the fourth and first quarters. Economists had expected consumer spending to climb 0.7% in April.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Trick or trend: On Friday Yellen, that master of Fed-speak, kept markets guessing about the exact timing of an interest rate increase
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Rally stalls near top of trading range–any reason for concern?
Yesterday, May 25, U.S. stocks looked set to bust right on through the top of the recent trading range at 2100. Today, May 26, not so much. The index stalled at 2090–and closed at 2089.25.
Markets continue to reposition for a Fed interest rate increase–now it’s a rally in bank stocks and a further drop in gold
Welcome back to December! Remember when the financial markets thought the Federal Reserve was going to raise interest rates three times or maybe even four times in 2016 and suddenly bank stocks were the thing to own? At least until January when the sector went into a dumpster. Well, the positioning was back today–even if just for a day
Federal Reserve continues jawboning on an interest rate increase
The speeches, interviews, and presentations from members of the Federal Reserve keep on coming. And they all say, “We’re prepared to raise rates soon.”