Federal Reserve

TRUMP vs. THE NFL -- Could GRAHAM-CASSIDY be alive? -- POLITICO GETS RESULTS: Price stops flying private on gov’t dime – POOL REPORTS from JEH JOHNSON’s 60th birthday party and KATIE WALSH/MIKE SHIELDS wedding

Driving the Day<p><b>Good Sunday morning.</b> <b>WHAT EVERYONE IS TALKING ABOUT -- TRUMP’S SUNDAY MORNING THOUGHTS -- @realDonaldTrump</b> at 6:44 a.m.: “If NFL fans refuse to go to games until players stop disrespecting our Flag & Country, you will see change take place fast. Fire or suspend!” … <b>at 7:13 a.m.:</b> …

Politics

Central bank disputes: Yellen versus Borio

Ever since the Great Financial Crash, the major central banks have been joined in combat against below-target inflation and above-target …

Economy

Ignore The Endless Talk Of Doom, Budget Deficits Really Don't Matter

U.S. federal debt added up to $908 billion in 1980, but today, nearly 40 years later, the number comes in around $20 trillion. That the amount owed by U.S. taxpayers has soared over twenty-fold would, in a static world, correlate with a huge increase in borrowing costs for the U.S. Treasury.<p>Except …

Economics

Why We Must Raise Taxes on Corporations and the Wealthy, Not Lower Them - Truthdig: Expert Reporting, Current News, Provocative Columnists

When Barack Obama was president, congressional Republicans were deficit hawks. They opposed almost everything Obama wanted to do by arguing it would …

Liberal View

Gold / Silver / Copper Futures - Weekly Outlook: September 25 - 29

Investing.com - Gold prices pushed higher on Friday, pulling away from the previous session’s four-week low as risk aversion escalated and the U.S. …

Economy

India Markets Weekahead: Sandwiched between Kim and Trump

REUTERS - Geopolitical worries were back in focus on Friday with markets witnessing the sharpest single-day fall of 2017.<p>Investors were also wary of widening fiscal deficit after the Indian finance minister announced the government may come up with measures to revive economic growth. It seems the …

Economy

Looking for a cheap loan? Watch this inflation number to see where rates go next - MarketWatch

If you’re home buyer looking at the cost of a mortgage or a small business owner who may need a loan, there’s one number you need to watch like a …

Economy

Gold's Mini Crash to 4-Week Low Only Means You Should Back Up the Truck and Buy

Now is not the time to give up on gold.<p>Gold prices are hovering around four-week lows as a more hawkish Federal Reserve has caused the U.S. dollar to …

Investing

Time is running out for Trump to make a big decision that will shape his economic legacy

The clock is ticking for President Donald Trump to nominate someone to lead America's central bank.<p>The four-year term of Federal Reserve Chair Janet Yellen, who was nominated by President Barack Obama, will end in February. Trump has said he has "a lot of respect" for Yellen, but whether he'll pick …

Economy

Here Comes the Meltdown as Goldman Sachs Sees 9 Interest Rate Hikes by 2019

Investors better start being more afraid of the aftershocks from an interest rate hiking Federal Reserve.<p>That's one takeaway from a new note out of …

Business

Why this week’s jump by 2-year Treasury yields is a ‘big deal’ for stock-market bulls - MarketWatch

Investors weren’t too ruffled by the outcome of the Federal Reserve’s policy meeting, but it did appear to foster one market development that should …

Economy

How Housing Intensifies the Racial Wealth Gap

The wealth of black families lags far behind whites, and housing markets play a key role.<p>There’s a great article from <i>The New York Times</i>’ Emily Badger about a new study that shows just how much Americans (especially white Americans) underestimate the gap in the economic circumstances between black …

Social Justice

Trump Could Change Shape of Federal Reserve Board

WASHINGTON — President Donald Trump could have the opportunity to replace five of the seven board members at the Federal Reserve — including Chair Janet Yellen and Vice Chairman Stanley Fischer.<p>Yellen's four-year term at the top post ends in February. Last month, Fischer announced he was resigning …

Business

Fed officials in muddle over permanent vs temporary inflation lull

OKLAHOMA CITY (Reuters) - Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the …

Economy

3 reasons the U.S. dollar’s strength versus the yen could be here to stay - MarketWatch

The dollar has shaken off geopolitical tensions to beef up against the yen over the past week, and strategists say that uptrend may be here to …

Economy

Fed’s Kaplan Has ‘Open Mind’ to One More Rate Increase in December

Dallas Fed president sees cyclical inflation pressures building<p>OKLAHOMA CITY—Federal Reserve Bank of Dallas President Robert Kaplan on Friday said he is open to raising short-term interest rates later this year, but will want to watch how the economy performs for a while before making a …

Economy

News Highlights: Top Financial Services News of the Day

Equifax Hack Upends CEO's Drive to Be Data Powerhouse<p>Richard Smith took over as chief executive of Equifax 12 years ago this week. Under him, Equifax's market value more than quadrupled as the credit-reporting company became a data giant-before a systems breach raised questions about the company …

Economy

Transcript: Audience Q&A With Kansas City Fed’s George in Oklahoma City

Central banker discusses inflation, interest rates, the Federal Reserve’s balance sheet and cryptocurrencies

Business

Janet Yellen Is the Most Powerful Woman in the World

Despite standing at just 5'3" tall, Janet Yellen is one of the most powerful woman in the United States and perhaps the world. That much was on …

Investing

ETF Topper: Gold Miners Sparkle

Front month Comex gold for September delivery finished up 0.21% Friday, boosting gold mining stocks.<p>Gold's moves seemed muted given North Korea's …

Gold

Will The Fed's Rate Hike Plans Eventually Trigger A Recession?

The Financial Times observes that the Federal Reserve's forecast for higher interest rates in the next several years is accompanied by expectations …

Economy

Bankers Advising Fed Board See No Trump Bump in Bank Lending

Bankers advising the Federal Reserve Board said a lack of follow through in the Trump administration’s economic agenda has resulted in slowing credit …

Business

A rising share of Wall Street CFOs think this stock market is ‘bubblicious’ - MarketWatch

Wall Street stocks have been mostly on a record-setting uptrend and that has raised concerns from C-suite executives tasked with managing a …

Markets

“Inflation is Coming, Inflation is Coming!”

Posted: Sep 22, 2017 12:00 PM<p>All around the Federal Reserve building, someone for years has been riding his horse—a la Paul Revere—crying out in …

Economy

DIARY-Top Economic Events to Nov 29

Sept 23 (Reuters) -<p>For other diaries, please see:<p>U.S. Federal Reserve<p>FED/DIARY<p>Polling Unit Diary<p>POLL/DIARY<p>Today in Washington<p>WASH/DIARY<p>Political and …

Economy

New era of uncertainty dawns in the stock market as Fed begins to taper QE - MarketWatch

As the Federal Reserve prepares to shut down the nearly decadelong quantitative-easing program and President Trump ramps up pressure on North Korea, …

Economy

AIG For Now Remains Under Federal Oversight -- Update

American International Group Inc. will remain under federal supervision for now after U.S. officials discussed the firm's future at a private meeting Friday, according to people familiar with the matter and a Treasury Department statement.<p>Discussions among regulators are expected to continue about …

U.S. Dept. of the Treasury

Hedge fund bets on US dollar weakness hit highest level in nearly a year

Hedge funds turned negative on the US dollar in the days before the Federal Reserve met this week, trades that would have been offside if held a day …

Markets

North Korea's Nuclear Threat Pressures Wall Street at Trading Week's End

Stocks traded just under the flatline on Friday, Sept. 22, as investors grappled with tension from escalating insults between the leaders of the U.S. …

Investing

The FOMC's Missing Inflation Mystery

Stanley Fischer’s legacy may be the prioritizing of inflation dynamics over employment conditions by the FOMC.<p>The Fed calls President Trump’s bluff …

Economy