What Happens When the Bid Goes to Zero?
If the Fed is going to conduct monetary policy by manipulating asset prices, it should expect to see periods of extreme market volatility.
Dollars, Deficits, and “Duh” in Davos
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
US Economy Surges 3% Despite Hurricanes
The third-quarter GDP gain may bolster the case for an interest rate hike in December and complicate the debate over tax cuts.
Hurricane Harvey Slows Consumer Spending
Consumer spending rose only 0.1% in August but "current economic conditions are heavily impacted by the effect of the recent hurricanes."
How Is Regulatory Reform Likely to Proceed?
Proposed massive legislative change is unlikely; more moderate reforms floated by Treasury are better bets.
Fed Holds Steady on Rate Hike Timetable
The central bank appears on course to raise interest rates in December but is "monitoring inflation developments closely."
Does Bank Loan Data Suggest a Faltering Economy?
Federal Reserve chair Janet Yellen deserves blame for creating onerous real estate asset bubbles, according to risk analyst Chris Whalen.
Yellen Skeptical About Trump’s Growth Target
The Fed chair says the 3% target "would be quite challenging" given sluggish productivity and declining labor force growth.
Consumer Spending Rises Modestly
Consumption picked up in May, but the key measure of U.S. inflation grew only 1.4%.
Yellen Says Financial Crisis Unlikely in Her Lifetime
But the Federal Reserve Chair cautions against unwinding the reforms put in place after the 2008-2009 crisis.
Fed Raises Interest Rates for 2nd Time in 3 Months
Central bank officials are expecting at least two more hikes this year amid a strong labor market and rising inflation.