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FRB Chair’s testimony was largely as expected. Powell stated that the Committee is monitoring the coronavirus, signaling it out among risks threatening the economy. The Chairman characterized the economy “as strong,” inflation is “trending to goal,” and the labor market as ...

FRB Chair Powell testifies to Congress about the state of the economy. I am certain he will discuss the coronavirus and its possible implications. Perhaps the safest comment to make is no one knows the outcome and there is not a shortage of...

Led by technologies, equities sank on reports that the US is moving toward restrictions on ownership of Chinese equities in government sponsored pension plans. I think it is noteworthy that there is bipartisan support for such a plan...

The 8:30 headline describing September’s jobs data read “US Payrolls Miss Estimates as Wages Cool in Signs of a Significant Downshift.” The article stressed the nominal miss in both private sector and non-farm payroll gains ...

In my view the conversation is intense amongst brokerage professionals who have knowledge about Fed policy as to why the Fed conducting its fourth consecutive repo operation. Before Tuesday, the last time the Fed intervened was ...

In my view the August labor report indicated more strength than weakness. Commenting about the perceived weakness, private sector and non farm payroll growth did nominally disappoint, posting a 130k and 96k increase, the gains were still considerably higher than the 100,000 new jobs...

The much awaited speech from FRB Chair has come and gone. In my view he said nothing new. Powell commented that the economy is in a favorable place but faced “significant risks” as growth abroad ...

Twenty five years ago one of the top tier data points was the Leading Index of Economic Indicators (LEI). It was a hard and fast rule that three consecutive declines in the LEI all but assured a recession will occur in the next ...

The German government auctioned 30 year bonds with a coupon of 0.00% at negative yield of 11 basis points. Germany had planned on offering $2 billion in bonds but only $914 million were bought thus the Bundesbank said the auction ...

Relatively speaking the markets were quiet. In some regards it felt as a typical August trading day, the inverse of the last three weeks. Some are suggesting volatility could greatly increase if Friday’s remarks from FRB Chair Powell are less dovish than ...