After last Friday's soft payroll report and those fleeting record highs in spoos, the market has reverted to its newfound aimless pattern. Today we sit basically unchanged for the year in spoos, with both the bulls and the bears finding very little love in 2014. But...
Ok, I just read Janet's speech in Chicago today. Holy dovish deepdish pizza batman!! I have no recollection of a Fed Chair's speech where the lives of three down-on-their-luck job seeking individuals were discussed in detail. This is one loving and caring Fed Chair -...
Charlie Evans gave a fantastic speech in Hong Kong today- http://www.chicagofed.org/webpages/publications/speeches/2014/03_28_14__thoughts_accommodative_policy_hong_kong.cfm. I encourage everyone to read it! Charlie has been at the forefront of thinking on...
In Q1 of 2013 Jeremy Stein made a speech on credit market overheating that slipped by most people in the market: http://www.federalreserve.gov/newsevents/speech/stein20130207a.htm. This speech turned out to be the canary in the coal mine portending the taper tantrum...
Janet started out her press conference by saying: "this change in our guidance does not indicate any change in the committee's policy intentions as set forth in recent statements. Rather, the changes meant to clarify how the committee anticipates policy evolving after...
Janet started out her press conference by saying: "this change in our guidance does not indicate any change in the committee's policy intentions as set forth in recent statements. Rather, the changes meant to clarify how the committee anticipates policy evolving after the unemployment rate declines below 6.5%" Policy intentions were unchanged? Really? The median […]
