The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank.
But where the heck is the “U-Turn?”
Stock market and corporate bond market are in la-la-land, pricing in an economic boom. They’re not seeing a rate-cut economy. So why would the Fed?
Transcript of my podcast.
The economy is in a “very good place,” says Trump’s man at the Fed. And the Fed’s favorite inflation measure ticks up.
This peculiar creature of an inverted yield curve.
One of them is wrong. Watch out for it to snap in an ugly manner.
The Fed introduces a new thingy about “patient” to tamp down on the clamorers on Wall Street.
Wall Street hype artists and QE mongers would be deeply disappointed.
Fed sheds $46 Billion, Total QE Unwind Reaches $580 Billion. Assets drop to lowest level since Nov 2013.