Fed

Oops! They QE’d Again

The US Federal Reserve (Fed) has gone back to expanding its balance sheet. Some claim that quantitative easing (QE) is back; the Fed denies it. What we call it isn’t the point, says Sonal Desai, Franklin Templeton Fixed Income CIO—what matters are the implications of this “permanently loose” ...

The Korelin Economics Report with OANDA discussing a call for caution with US equities

Ed Moya, Senior Market Analyst at OANDA joins Cory Fleck to recap the strong start tech stocks are having in this second week of earnings season. Moya highlights it’s another bullish point for the markets however there are a number of bearish events that are hanging around where the market has ...

Kansas City Fed: "Tenth District Manufacturing Activity Nearly Flat in January"

From the Kansas City Fed: Tenth District Manufacturing Activity Nearly Flat in JanuaryThe Federal Reserve Bank of Kansas City released the January Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed tha ...

Macro Briefing | 23 January 2020

China locks down a second city to halt spread of coronavirus: WSJ Coronavirus is threat that will test China’s economy: SCMP US envoy: slain Iran general’s fate awaits successor if he kills Americans: Reuters Trump says US growth has slowed because of Federal Reserve: CNBC ECB expected to keep ...

Sinatra's Stock Market: Fly Me to the Moon

If today’s stock market had a theme song, it would be “Fly Me to the Moon.” It was written in 1954 by Bart Howard and recorded by lots of top singers. Frank Sinatra and the Count Basie Orchestra recorded a version of the song arranged by Quincy Jones in 1964. “Fly me to the moon / Let me p ...

Thursday: Unemployment Claims

From Matthew Graham at Mortgage News Daily: Mortgage Rates Maintaining Longer-Term Lows For NowMortgage rates remained in line with 3-month lows today for the average lender. Several lenders offered marginally better terms compared to yesterday, but in those cases, the only changes were to the upfro ...

US Open – Stocks rally on earnings and on optimism China will contain virus, Oil slides, Gold remains steady

US stocks are rising after China’s National Health Commission announced plans to contain the coronavirus and following strong earnings results from IBM and Netflix.  The pneumonia-like virus has killed nine people and infected 473 people in China.  Financial markets are not panicking as health ...

Chicago Fed "Index Points to Slower Economic Growth in December"

From the Chicago Fed: Chicago Fed National Activity Index points to slower economic growth in DecemberLed by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.35 in December from +0.41 in November. Three of the four broad categories of indicators ...

Europe open – Davos, Corovavirus, BoC, gold, oil

Davos Diverts Attention From BoC and Earnings It’s a mixed bag across Europe on Wednesday, with much of the headlines coming from Davos where Trump delivered his keynote speech yesterday. Source – Thomson Reuters Eikon It’s always interesting to hear the views of some of the world’s mos ...

Macro Briefing | 22 January 2020

China virus spreads, lifting death toll and raising pandemic fears: Reuters Senate blocks effort to allow Bolton’s testimony in impeachment trial: The Hill No date set for second phase of US-China trade talks, says China source: BBG Trump says US GDP growth would be close to 4% if Fed cut rates s ...