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Monthly Archives: January 2019

Todays FOMC: Fed caves

The Fed caved to what markets wanted (needed?). Chairman Powell did an admirable job in his press conference of calmly conveying a message that everything is somewhat  awesome, but the global economy is slowing, and the Federal government shutdown is  having a dampening effect (neither of those things are the fault of Fed policy).  So, we’re now fully migrated to expectations for no rate […] Read the rest of this entry »

Tomorrow: Powells Big Day

Today and tomorrow the Fed has an FOMC meeting. Tomorrow afternoon has the statement  and presser. BTW now every FOMC meeting has a press conference -instead of every second meeting. So every meeting gives the Fed a chance to calm/steer markets. Fed Chair Powell will announce one of these three things tomorrow: Maintain the “everything is great” position and threaten 2 rate hikes this year. […] Read the rest of this entry »