Fed

Schedule for Week of March 24, 2019

The key reports this week are the third estimate of Q4 GDP, February Housing Starts and New Home Sales.Other key reports include Case-Shiller house prices, and Personal Income for February, and Personal Outlays for January.For manufacturing, the March Dallas, Richmond and Kansas City manufacturing s ...

Toronto Rock Lacrosse Ticket Giveaway : Update #7

I have ten nine eight seven six five four two pairs of Toronto Rock Lacrosse tickets to give away! Congratulations to Assiduous Reader Jonathan Caners, who won the tickets to the April 5 game against the Buffalo Bandits! And congratulations to Assiduous Reader Fed Sanchez, who won the tickets to th ...

Dollar Recovers Fed Driven Losses on Safe-haven Flows

The US dollar had a wild week, finishing the week mixed against its major trading partners, as market participants reassess the effects of the Fed’s dovish commitment and how much weaker the German economy will become.  Risk-aversion remains the key theme for financial markets after the three-mo ...

Q1 GDP Forecasts: Around 1%

From Goldman Sachs: We boosted our Q1 GDP tracking estimate by three tenths to +0.7% (qoq ar). However ... we lowered our past-quarter GDP tracking estimate for Q4 by two tenths to +2.1%. [March 22 estimate]emphasis added From the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 1.3% ...

Holy s*** the yield curve inverted

Bloomberg: A closely watched section of the Treasury yield curve on Friday turned negative for the first time since the crisis more than a decade ago, underscoring concern about a possible economic slump and the prospect that the Federal Reserve will have to cut interest rates. The gap between the 3 ...

Completing the Capitulation: The Entirety of the FED Turns Dovish - Nathan McDonald (22/03/2019)

March 22, 2019 As previously forecast, the FED has once again taken a step back from its stance on raising interest rates, admitting that the economy as a whole appears to be on shakier ground than they once thought. This complete and utter capitulation by FED Chairman Jerome Powell has shocked ...

Dow slides more than 250 points as fears of global slowdown persist, Nike falls

Stocks dropped on Friday as jitters over the global economy were sparked by dreadful manufacturing data out of Europe and the Federal Reserve’s cautious outlook on the U.S. economy. The Dow Jones Industrial Average traded 274 points as Nike shares underperformed. The S&P 500 fell 0.9 percent, led ...

Terrible German PMI data sinks global stocks and euro

Stocks & USD – Terrible European data kills risk appetite EUR – Euro falls as German bunds go negative Brexit – EU throws UK a delay bone  Oil – Stockpiles fell 9.6M even as imports rose 186K Gold – Stronger on dovish Fed Stocks & Dollar US equities are off to a poor start on the final d ...

Euro plunges on German manufacturing woes

Brexit extension means more sterling volatility for longer Sterling is as volatile as you would expect one week from the initially scheduled Brexit day as traders continue to weigh up the risks of no-deal Brexit against what an extension does for May’s deal, or the prospect of other options still ...

EU grants UK stay of execution

EU grants UK stay of execution The US yield curve continued to flatten again overnight following an uber-dovish Federal Reserve. On a slow news day in North America, this flowed through to stocks with the tech sector leading the way with Apple and semiconductor shares surging higher. Levi Strauss ...