U.S. dollar looks like best currency in town for rest of 2014
A weekend of bad economic news has put pressure on central banks in the EuroZone, China, and Japan to do something to stimulate economic growth just as U.S. economic growth looks stronger
If the Fed has been talking down the markets, is it just about finished?
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...Fed chair Bernanke speaks to Congress tomorrow and Wednesday–he’s likely to talk the markets up and then leave the field to the shorts at the end of the week
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...Markets aren’t thrilled with reminder in Fed minutes that monetary stimulus isn’t forever
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...Central bank stimulus says stocks go higher through end of 2012
Call it a tug of war between fear of the consequences of the U.S. fiscal cliff and hopes that a wave of stimulus from the Federal Reserve and the Bank of Japan will drive stock prices higher. On the one side the Fed’s promise to buy $85 billion a month in Treasuries and mortgage-backed securities, and severe political pressure on the Bank of Japan to turn on the monetary pumps. On the other, worries about the U.S.fiscal cliff
The markets get what they’d hoped for from the Fed today
According to the Fed’s 12:30 announcement, the Federal Reserve will keep buying $40 billion in mortgage-backed securities a month, and, when the Fed’s current program of quantitative easing (Operation Twist) ends at the end of the month, the Fed will start a new program of buying Treasuries to the tune of $45 billion a month.
The Fed looks set to start adding to its balance sheet again: How will the bank ever exit without crashing the bond market?
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...Making the argument that we’re in an income asset bubble is easy–deciding when and what to do about it are hard
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...Continued subdued inflation gives the Fed no reason to change current monetary policy
The headline Consumer Price Index (CPI) rose by 0.1% in October. The core CPI, which excludes energy and food costs, rose by 0.2% in October. For the last 12 months, the headline CPI is up 2.2% and the core CPI is up 2%. The continued very subdued rate of inflation removes any pressure on the Federal Reserve to change its current policy of low interest rates and quantitative easing.
More job growth than expected and gold falls?
In October the economy added 171,000 net jobs. That was up from a revised 148,000 in September. (The September figure was initially reported as 114,000.) The consensus among economists surveyed by Briefing.com called for an increase of 125,000 in September.
Bank of Japan expands its program of quantitative easing; stocks move up across Asia
The Bank of Japan, the country’s central bank, has joined the global parade of central banks moving to stimulate domestic economies. The Bank of Japan didn’t cut interest rates—with short-term rates at 0% that would have been quite a trick. Instead it expanded Japan’s version of quantitative easing by increasing its asset-buying program
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