Silver as an investment

Category Archives: Cleveland Fed

Fed Believes Opioid Crisis Is Reason Why Men Aren’t Working

Bill Polacek runs a manufacturing company in Western Pennsylvania. Even though a glut in new construction projects has dried up work for tradesmen, Polacek said he struggled to find qualified welders a few years back when he had a large number of jobs to fill. Polacek interviewed 350 people to fill openings for 50 welders […]

It’s All About This Friday’s Payrolls: Key Events In The Coming Week

After Friday’s Jackson Hole repricing of Fed hike expectations, which made it clear that the fate of a September (and perhaps December) rate hike is now in the hands of the August payrolls number, the main risk event of the week is therefore this Friday’s US NFPs for which consensus expects a reading of 180K, […]

“It May Take A Massive Program, Large Enough To Shock Taxpayers” – The Jackson Hole Post-Mortem

On Saturday, the 2016 edition of the Fed’s Jackson Hole two-day symposium came to an end, and as many expected, following long bouts of rhetoric, circular statements and hollow bluster, much of it contradictory, both the participants and markets remain as confused as ever. In addition to Friday’s Yellen-Fischer one-two knock out punch, below are […]

Helicopter Money – The Biggest Fed Power Grab Yet

Submitted by David Stockman via Contra Corner blog, The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging – albeit downunder in Australia – the next step […]

Key Events In The Coming Week: All About Brexit

With global markets gyrating on every piece of news surrounding the Brexit drama, what’s the timetable for UK-related (and all other macro) events this week and beyond? For starters we should hear from David Cameron this morning who is scheduled to address Parliament, which follows a statement by Chancellor George Osborne who tried to “calm” […]

Is the Fed Finally Coming Clean About Inflation?

For years the Fed has been lying about inflation.   There are many methods of doing this, but the simplest was to use a “measure” of inflation that did not actually measure inflation at all.   This is the famous Consumer Price Index of CPI. It is meant to measure inflation, but ignores obvious costs […]

Key U.S. Events In The Coming Week

In the traditional post payrolls data lull, we’re kicking off what’s set to be a much quieter week for data this week with just German factory orders data and the latest Sentix investor confidence reading for the Euro area this morning. There is nothing of note due to be released in the US on Monday. […]

Global Stocks Rise, Europe Rebounds As Oil Halts Decline

In a quiet start to the week following last week’s surprisingly strong rebound which followed a stronger than expected jobs report (perhaps to demonstrate that good news is once again good news), Japan stocks continued to sink as the USDJPY dropped to fresh lows, while commodities declined for a fifth day as the supply glut […]

Key U.S. Events In The Coming Week

Key economic releases for the coming week include the ISM non-manufacturing report on Wednesday. There are several scheduled speeches from Fed officials this week. Fed Chair Yellen will take part in a discussion with former Fed Chairs on Thursday. Monday, April 4 10:00 AM Factory orders, February (GS -2.1%, consensus -1.8%, last +1.6%) Factory orders […]

Inflation is Here and the Fed Wants More

The Fed failed to hike interest rates in March despite the “data” hitting levels at which the Fed said it would hike. Indeed, the Fed even lowered its expected number of rate hikes for this year from four to two! This confirms for us that the Fed does indeed want inflation. In the last few […]