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Equity markets are pricing about a 90% probability the Fed will lower interest rates on Wednesday. In my view the global headwinds that pushed the Bank to cut rates in July and September have abated somewhat ...

Initial estimates suggest the economy expanded at a 2.1% annual rate during the second quarter. Analysts had expected a 1.8% increase. The increase was the result of increased consumer spending. Excluding the volatile trade and ...

Change is the only certainty. Can I argue there will be another reinvention of basic economic assumptions? There was a change in general economic consensus thought following the Great Depression and again during the ...

Monetary policy makers gave no clear signal that their next move would be a hike or a cut, or that any adjustment should be expected at their next meeting in June. Officials slightly upgraded their assessment of the economy saying “economic activity rose at solid...

Equity markets declined yesterday on mixed earnings. Disappointing results from both Alphabet and Samsung overshadowed stronger than expected profits from GE and Pfizer. Oil rose on Venezuelan unrest, Saudi Arabia signaling a ...

Wow! That was a surprise. The Federal Reserve was considerably more dovish than anticipated, suggesting no rate hikes for the remainder of 2019 and only one in 2020. As early as yesterday morning, the Fed was perhaps suggesting 2 hikes in 2019....

All are expecting a dovish Fed statement at the conclusion of its two day meeting. Many are perplexed by the lack of wage inflation given the low unemployment rate. Will the Fed address the labor participation rate (LPR) as a primary cause, a...

Apple posted results that narrowly beat the expectations set when Apple issued a rare earnings warning at the beginning of the month. However its outlook for the current quarter is regarded more disappointing than some were expecting. At the time of this writing shares are...

US Treasury Secretary Mnuchin blamed volatility in equity markets partly upon high speed trading and the effect of the Volcker Rule.  Mnuchin stated   “in my opinion market structure has led to a lot more volatility, part of this is a combination of market presence of...