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And then there was one. By one, I mean, one “major” tenor on the US Treasury curve with positive real yields. Today, 30yr TIPS ended the day slightly under 60bps. Are inflation expectations falling or nominal yields falling, or both?
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The Volcker Rule, part of last year’s Dodd-Frank financial regulation law, which debars banks from participating in risky proprietary trading, has drawn stiff opposition from finance ministers from around the globe. A specific tenant of the rule that says that
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The Federal Reserve left rates unchanged, and expects to keep rates exceptionally low through at least late 2014, with CNBC’s Hampton Pearson; Bill Gross, PIMCO, and CNBC’s Brian Sullivan.
Transcript:
i guess there is something in me that has always
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The Federal Reserve left rates unchanged…, and expects to keep rates exceptionally low through at least late 2014, with CNBC’s Hampton Pearson; Bill Gross, PIMCO, and CNBC’s Brian Sullivan.
Video and full text below:
i guess there is something
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Asia, struggling to maintain its economic growth, might be less vociferous in its protests to anyU.S.monetary stimulus measure, which was blamed in 2010 for the enormous capital flows to emerging markets that led to inflation and speculative equity market rise.
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There are two things that I want to comment on Fed policy this evening: Transparency is overrated, and Bernanke does not understand savings.
Transparency is Overrated…
Ever heard of the phrase “data overload?” Greenspan would do that verbally in his
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…A chart showing projections from all members of the Governing Board:
Few lines from the press release:
NOTE: Projections of change in real gross domestic product (GDP) and projections for both measures of inflation are from the fourth quarter of
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…Previously the central bank did not set itself a formal target, but pointed to a range of 1.7% to 2% as an informal target. But today the Feds have formalized its inflation target at 2% - similar to the Bank
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December 2011
January 2012
Comments…
Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth.
Information received since the Federal Open Market Committee met
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A Reuters poll of leading Wall Street economists showed that the Federal Reserve is likely to start hiking interest rates again only in the first half of 2014, after a gap of more than five years, when it slashed them
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Risk premiums should never be capitalized, they should only be taken into income as earned.…
This may end up being another odd post of mine. I’m going to start writing about bank regulation, but I will end up talking about
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Federal Reserve officials are waiting to see how the economy performs before deciding whether to launch another bond-buying program.
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The Fed meets again next Tuesday and Wednesday, and officials are preparing to roll out a new communications strategy that is
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…It’s no accident that Austrian economics is newly popular. It provides the best explanation for the business cycle we just lived through.
But the resurgent popularity of Austrian economics may actually be hampering the ability of the Federal Reserve to
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Treasury Secretary Timothy F. Geithner, right, confers with Federal Reserve Chairman Ben S. Bernanke in July. (Jay Mallin, Bloomberg)
Despite signs of trouble for the nation’s overheated housing market in 2006, there was plenty of banter and laughter around the
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It’s been 36 months since the Fed strapped its benchmark interest rate to a …range of 0 to 0.25%. Since then the effective federal funds rate has averaged 0.145% on a monthly basis. There are some encouraging noises from the
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