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Archives by Year:
FOMC, Powell Give Investors The Warm Fuzzies
Image Source: UnsplashMarkets enjoyed a bullish day of trading today, pushing higher from flat levels upon the latest output from the Federal Open Market Committee (FOMC) at 2pm ET. The Fed’s “dot-plot” still allows for three 25 basis-point (bps) cuts in 2024, likely to start — but not committed to — at the June meeting. Markets jumped on […]
A Million Little Burritos
Image Source: UnsplashPerhaps you heard yesterday that, after the close, Chipotle (CMG) announced a 50-for-1 stock split. This makes sense, because the stock is about $3,000 per share, and I don’t think they’ve ever bothered splitting it until now. This news alone, which obviously has nothing at all to do with corporate economics, blasted the stock […]
FOMC March SEP On GDP
Image Source: Pixabay2024 q4/q4 growth at 2.1% matches FT-IGM survey discussed in previous post.Figure 1: GDP (bold black), CBO projection (blue), Survey of Professional Forecasters (red), FT-Booth median forecast (brown inverted triangle), FOMC Summary of Economic Projections March 20 (open light green square), GDPNow of 3/19 (light blue square), all in bn.Ch.2017$. Source: BEA 2024Q4 2nd release, CBO […]
Metals Report For Wednesday, March 20
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:15More By This Author:Financial Markets Report For Wednesday, March 20SPDR ETF Report For Tuesday, March 19Metals Report For Tuesday, March 19
These FOMC Traps Could Make Us A Fortune
Image Source: UnsplashFOMC is out, and markets are rippin!Anytime I see a big news breakout like this, there are two strategies I always look for – the 2nd one is my favorite!Markets are ripping higher after the FOMC Announcement, and there’s one easy strategy I always look for…But if we’re lucky, strategy #2 could make us a […]
Asia Morning Bites For Thursday, March 21
Image Source: UnsplashGlobal Macro and Markets Global Markets: The FOMC decision delivered just enough dovishness for the Treasury market to rally. 2Y US Treasury yields are down 8.1 basis points overnight, while their 10Y counterparts are down just 2bp to 4.273%. US equities also liked the delivery by Fed Chair Powell, and the S&P500 rose 0.89% and […]
US Fed Keeps Interest Rates Unchanged, But Sees Three Cuts In 2024
Image Source: Pexels US Fed kept interest rates unchanged at 5.25% to 5.5%. Despite this decision, the Fed signalled its anticipation of cutting rates three times within the year. US Fed chair suggested that the central bank may initiate rate cuts in the near future Following a two-day meeting, the US Federal Reserve on Wednesday announced […]
AUD/USD Climbs After Fed’s Decision, Ahead Of Aussie’s Job Data
Image Source: Unsplash AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal […]
A Market Failure Case For Place-Based Policy
Image Source: Pixabay Economists have traditionally focused on policies aimed directly at low-income people, rather than at low-income places. For example, programs like welfare payments, food stamps, Medicaid, and Supplemental Security Income are based on individuals. But there has been a push in the last few years for consideration of “place-based policies,” which focus on different […]
Financial Markets Report For Wednesday, March 20
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, March 20.Video Length: 00:10:37More By This Author:SPDR ETF Report For Tuesday, March 19 Metals Report For Tuesday, March 19 Financial Markets Report For Tuesday, March 19
