How The Federal Reserve Sees The Economy

Officials at the Federal Reserve moved ahead and raised the policy target range for the Federal Funds rate to 2.25 percent to 2.50 percent. I think that it important to see that the vote for this change was unanimous, showing the desire of the leaders of the Fed to show President Trump, and the world,…

Every Bubble Is In Search Of A Pin

Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within the Everything Bubble are starting to burst. The cartel (especially the ECB and the Fed) is hoping it can gently deflate these bubbles it created,…

Cue The Bad

When the FOMC published the minutes for their November policy meeting, they included an unusually lengthy discussion about federal funds (effective) and IOER. I have no doubt that policymakers would rather have skipped the topic altogether. Demonstrating how little they actually control matters, the plight of EFF has forced them into an almost detailed digression.…

The Dollar Drift

By Stephen Innes Capital markets continue to digest various narratives getting pushed in many directions, but continue to position on a very short horizon given absolute uncertainties, while US equity markets continue to print fresh record highs to start the week, this despite US 10-year yields firming several pips higher overnight. S&P 500 breaking 2900…