Category Archives: Richmond Fed

Full Preview Of Tomorrow’s “Historic” FOMC Meeting

By silveristhenew | Published September 19, 2017

It is virtually guaranteed that tomorrow the FOMC will make history by officially announcing the Fed’s plan to begin shrinking its balance sheet through the gradual phasing out of bond reinvestments, which however in a world in which other central banks continue to pump $125 billion per month, will hardly by noticed by markets at […]

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Key Events In The Coming Week: All Eyes On The (Jackson) Hole

By silveristhenew | Published August 21, 2017

Absent any major geopolitical shocks, it is set to be a quiet summer week ahead with focus on the Jackson Hole conference. On the data front the key releases will be US durable goods and Eurozone PMIs, as well as Japan inflation & UK and Norway GDP. In Emerging Markets, there are monetary policy meetings […]

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July Payrolls Preview: Smooth Sailing But Watch Out For Cars

By silveristhenew | Published August 3, 2017

At 8:30am on Friday, the BLS is expected to announce that in July the US created 180K jobs, down from 222K in June though still in line with the 6-month average of 180K, with the biggest downside risk a slowdown in durable manufacturing payrolls as auto production slumped. Sellside expectations: UBS: 175K Barclays: 175K HSBC: […]

Also posted in BLS, business, Causes of unemployment in the United States, Chicago PMI, Conference Board, Continuing Claims, Dallas Fed, Economics, Economy, Full Employment, Initial Jobless Claims, Labor, Labour economics, Labour law, Markit, minimum wage, New York Fed, nonfarm payrolls, Philly Fed, RANSquawk, Recession, Unemployment in the United States, Unemployment Insurance, US central bank, US Federal Reserve | Tagged goldman sachs, Unemployment | Comments Off

S&P Futures Bounce As VIX Hammered, Europe “Euphoric”

By silveristhenew | Published July 25, 2017

After sliding to 3 month lows on “car cartel” concerns yesterday, European stocks have rebounded after three days of declines, while oil extended gains after Saudi export cuts, with Brent rising above $49 and WTI just shy of $47. Asian stocks fell while S&P futures rose 0.2% to 2,473, putting yesterday’s GOOGL drop on plunging […]

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June Payrolls Preview: With The Fed On Autopilot, You Can Skip This One

By silveristhenew | Published July 6, 2017

After a poor March jobs report, followed by an April scorcher, then another debacle in May, the June payrolls report due at 8:30am will be… very much irrelevant, because as Citi pointed out earlier, the Fed is now data-independent and will keep hiking until financial conditions finally tighten (read: stocks drop). In other words, with […]

Also posted in "Jobless Claims", Barclays, business, Chicago Fed, Conference Board, Consumer Confidence, Continuing Claims, CPI, Dallas Fed, Economic indicator, Economy, Economy of the United States, employment, Employment Situation Report, Federal Fund, Full Employment, Initial Jobless Claims, Kansas City Fed, Labor, Labour law, macroeconomics, Market Conditions, Markit, Monetary Policy, Moving Averages, New York Fed, Non-manufacturing ISM, nonfarm payrolls, NY FED, Payroll, Philly Fed, RANSquawk, Trump Administration, Unemployment in the United States, Unemployment Insurance, US Federal Reserve | Tagged Unemployment | Comments Off

Goldman: The Fed Will Hike This Week, But Here Are “The Two Most Interesting Questions”

By silveristhenew | Published June 11, 2017

On Wedensday the FOMC will hike rates by another 25 bps – an event which the Fed Funds market prices in with near virtual certainty, while Goldman calls the rate increase “extremely likely” – and only a “tail” event like an extremely weak CPI report on Wednesday morning, hours ahead of the Fed announcement, has […]

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Key Events In The Coming Week: Thursday Turmoil Trifecta

By silveristhenew | Published June 5, 2017

This week will be all about rhe “Thursday Turmoil Trifecta” when the UK general election will be highlight of a busy week together with the ECB monetary policy meeting, while rounding off events in the US will be James Comey’s first public testimony since he was fired by Donald Trump in which he is expected […]

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May Payrolls Preview: The Tiebreaker

By silveristhenew | Published June 1, 2017

After a poor March jobs report, followed by an April scorcher, the May payrolls report due at 8:30am on Friday will be the tiebreaker, not only for the current state of the economy where both soft and hard data have been deteriorating in recent weeks, but perhaps also for the June rate hike decision, which […]

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Soft Data Collapse Continues – Richmond Fed Crashes

By silveristhenew | Published May 23, 2017

And just like that… hope was gone. Having soared to post-crisis highs in the months after President Trump’s election, Richmond Fed’s Manufacturing Survey has crashed (by the second biggest drop ever) in May… New Order volume growth disappeared, capacity utilization shrank dramatically, Order backlogs disappeared, shipments plunged, and the average workweek tumbled. Worse still, the […]

Also posted in business, Donald Trump, Economy of the United States, Labor history, Politics of the United States, US Federal Reserve, Weeks, Workweek and weekend | Comments Off

Key Events In The Coming Week: FOMC Minutes, GDP, BOC, OPEC And More

By silveristhenew | Published May 22, 2017

The key highlights in the coming week are the Fed minutes, the Eurogroup meeting on Greece, the OPEC meeting and Bank of Canada rate decision. We also get GDP releases in the US, Eurozone, and UK, while a murder (or gaggle) of Fed speaker will highlight virtually every single day, starting with 4 today. Also […]

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