Look everybody! The Fed has no end game for getting its balance sheet back to “normal”
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...No taper today: The Fed stands pat
As expected the Federal Reserve decided to hold off on slowing its program of quantitative easing from the current pace of $85 billion a month.The Fed said it will “await more evidence that progress will be sustained before adjusting the pace of its purchases.’
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...Jobs report disappoints just enough to make markets happy
The U.S. stock market got what it wanted in this morning’s September jobs numbers. The economy added a disappointingly low number of jobs in September, but the wage and hour figures were strong enough so that the economy does not look to be falling off a cliff
Will the market’s luck run until the Fed’s March meeting?
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...The U.S. stock market starts to play the Fed game again
With the shutdown/debt ceiling crisis behind us, the stock market is free to worry about a slowdown in U.S. economic growth and to hope for a delay in the Federal Reserve’s taper until sometime in 2014. That’s pushing the U.S. market away from growth sensitive stocks and toward stocks with safe dividends that won’t be cut even if the economy stumbles.
We’re seeing the beginning of the cheap money end game in this 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...Is December really the new September for a Fed taper?
The movement toward a consensus view that the Fed won’t taper until it’s December meeting hit a speed bump today when James Bullard, president of the Federal Reserve Bank of St. Louis, said that the Fed could still move in October. The September call was so borderline, Bullard said, that the Fed might have enough data in a month to begin a very small taper.
Did the Fed decide not to taper because it’s afraid that Congress will do something really stupid?
Looking for any explanation for why the Fed kept its program of buying $85 billion in Treasuries and mortgage-backed securities intact, it’s language that points toward fiscal tightening that pops out at me. Think about a new all-time record on the Standard & Poor’s 500 and a bond rally today because the Federal Reserve is afraid that Congress could really muck up the U.S. economy in the next few weeks (or days.)
Surprise! No taper from the Fed
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...With Fed decision looming, here’s the market consensus on the taper
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...Download Jim’s eBook for Free
