Tag Archives: Monetary Policy

Diagnosing What Ails The Market

Posted on December 17, 2018 by macromon

My father-in-law died of rectal melanoma, a disease so rare his doctors didn’t even know it existed.  He was diagnosed with having a rectal fissure.   He lived with some discomfort until I called him one night.  Slurring his words, he … Continue reading →

Posted in Budget Deficit, Fiscal Policy, Uncategorized | Tagged , , | Leave a comment

The S&P Levels You Need To Know

Posted on December 3, 2018 by macromon

Interesting double-top, double bottom W forming in the S&P500.   In honor of George H.W. and George W.?  Hmmm…… The futures were rejected right at key resistance in overnight trading, making a high at 2814.0 during in early morning pre-trading and … Continue reading →

Posted in China, Equities, Interest Rates, Monetary Policy, Uncategorized | Tagged , , , , | 17 Comments

Mr. Market Goes Full Powell-Wow Over Fed Chair’s Cave

Posted on November 29, 2018 by macromon

He caved.  At least in rhetoric. Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy‑‑that is, neither speeding up nor slowing … Continue reading →

Posted in Equities, Monetary Policy | Tagged , , | 2 Comments

FOMC: Hardly Tight, Hardly Loco

Posted on October 15, 2018 by macromon

The data speaks for itself. Real Effective Fed Funds Rate (REFFR) The real effective Fed Funds rate (REFFR), the Federal Reserve’s target rate of overnight commercial bank reserves lending rate less the CPI year-on-year change,  remains negative for the 36th … Continue reading →

Posted in Fed, Interest Rates, Monetary Policy, Uncategorized | Tagged , , | 8 Comments

QOTD: Slouching Toward A Banana Republic

Posted on October 10, 2018 by macromon

Could it be the markets are instead revolting against President Trump’s fiscal profligacy, and beginning to price in a potential debt crisis/major interest rate spike?   Just askin’. “I think the Fed is making a mistake. They are so tight. I … Continue reading →

Posted in Equities, Fed, Interest Rates, Monetary Policy, Uncategorized | Tagged , | 3 Comments

ECB to end stimulus programme later this year

Posted on June 14, 2018 by macromon

ECB President Mario Draghi admitted the eurozone recovery has slowed and kept record low interest rates unchanged… READ MORE : http://www.euronews.com/2018/06/14/ec…

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QE And The Laurel vs. Yanny Distortion

Posted on June 4, 2018 by macromon

Interesting clip from Wired,  interviewing  a neuroscientist explaining how people get the sound Laurel and Yanny name so different. The interview is profound if you take the principles and apply them to the markets.  It’s all about reading the correct … Continue reading →

Posted in Interest Rates, Monetary Policy, Uncategorized | Tagged , , , , , | 14 Comments

Draghi’s Monetary Policy Statement

Posted on April 26, 2018 by macromon

Apr.26 — European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the economy, monetary policy and inflation after the ECB maintained its pledge to move slowly in removing euro-area stimulus. (This is his opening statement.)  … Continue reading →

Posted in Bonds, ECB, German Bund, Monetary Policy, Uncategorized | Tagged , , | Leave a comment

Cleveland Fed Dishes On Yield Curve Signal

Posted on April 2, 2018 by macromon

Check out the latest from the Cleveland Fed president,  Loretta Mester: Mester advised that there is “no evidence” for thinking that a flatter curve signals a weaker economy at this time, Reuters reported. She added that “structural factors,” such as bond-buying by central … Continue reading →

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FOMC Dot Plot & Other Data – March 21

Posted on March 21, 2018 by macromon
Posted in Fed, Monetary Policy, Uncategorized | Tagged , , , , | Leave a comment