Silver as an investment

Category Archives: San Francisco Fed

Fed Hints During Next Recession It Will Roll Out Income Targeting, NIRP

In a moment of rare insight, two weeks ago in response to a question “Why is establishment media romanticizing communism? Authoritarianism, poverty, starvation, secret police, murder, mass incarceration? WTF?”, we said that this was simply a “prelude to central bank funded universal income”, or in other words, Fed-funded and guaranteed cash for everyone. prelude to […]

Trump Expected To Announce His Pick For Fed Chair In Next Two Weeks

In the latest update on Trump’s search for the next Fed Chair, Reuters reported that the search has narrowed down to 5 finalists – Yellen, Warsh, Taylor, Powell and Cohn (condolences to Jeff Gundlach: his dark horse candidate, Neel Kashkari did not make the cut) – and that after meeting Yellen on Thursday, Trump will […]

BOJ Plans To Drop Inflation Target At Thursday’s Meeting

The Bank of Japan is finally acknowledging something that Federal Reserve policy makers like San Francisco Fed President John Williams acknowledged months ago, when he published a paper highlighting the growing disconnect between the tightening labor market and consumer prices. As Credit Suisse strategist Burkhard Varnholt explained two months ago, the growing heft of e-commerce […]

Janet Yellen Is About To Speak: Here’s What To Look For

Fed Chair Yellen will be testifying to the House Financial Services committee at 1000EDT, followed by testimony tomorrow before the Senate Banking Committee (the testimony for both events is likely to be identical, as it has on previous occasions), however her prepared remarks will be released 90 minutes earlier, at 8:30am. Courtesy of RanSquawk, here […]

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

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 […]

“It’s Not Just Wages” – Workers Without College Degrees Face “More Instability”

If you believe San Francisco Fed President John Williams, the US labor market has almost never been ore robust than it is today. Of course, middle- and working-class Americans who are struggling with levels of financial uncertainty that would be unfamiliar to their parents’ generation don’t necessarily care that the official unemployment rate is 4.4%. […]

Greek, Italian Risks Weigh On European, Global Markets; Oil, Gold Slide

Tuesday’s session started off on the back foot, with the Euro first sliding on Draghi’s dovish comments before Europarliament on Monday where he signaled no imminent change to ECB’s forward guidance coupled with a Bild report late on Monday according to which Greece was prepared to forego its next debt payment if not relief is […]

Traders “Swoop” On Stocks, Oil Rises For 8th Day But Bonds Still Don’t Buy It

S&P futures are unchanged and Asian stocks closed mixed, however European stocks rebounded for first time this week, led by auto stocks after Daimler’s quarterly profit, as a break in alarming political news prompted traders to “swoop” – as Reuters puts it – on equities, cooling a safe-haven rally that saw the yen and gold […]

All Eyes On Washington: US Futures Rise On Hope Healthcare Vote Will Pass

Asian shares and S&P futures rose on optimism that today’s rescheduled U.S. vote on health care will pass following Trump’s Ultimatum to the Freedom Caucus. European stocks gave up some of Thursday’s gains, falling for the fourth time in five days, and moving further away from a 15-month high reached a week ago while the […]

US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower […]