The 2 biggest players in the US economy will take the stage this week, as President Trump and Fed Chairman Powell speak amid signs the nation’s trade war with China may be thawing. President Trump will deliver a speech at the Economic Club of New York Tuesday, with investors hoping he sheds light on a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 closed lower on trade concerns, but finished the month in the Green. Thursday, President Trump hammered the Fed and Chairman Powell in a Tweet, that despite interest rates dropping by another Quarter point. In a 2-part Tweet, President Trump argued that the Fed has placed the United States at a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 sets new record high Strong hawkish signals from Fed Chairman Jerome Powell that he is, for now, finished cutting interest rates failed to incite terror in the Us stock market. Quite the opposite: the S&P 500 erased early losses and rose as much as 0.4% during the final […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, President Trump continued his attack on the Fed, and this time saying Chairman Powell and central bankers were “their own worst enemies” after a US manufacturing index posted the weakest monthly reading since the end of the last recession in Y 2009. “As I predicted, Jay Powell and the […]
$DIA, $SPY, $QQQ, $RUTX, $USD, $VXX This week the Fed cut interest rates for the 2nd time since the Great Recession, and found its hands full with another event with potentially catastrophic implications for the economy. In short, liquidity in the repo markets, a critical cog in the financial system machine seized Tuesday. In response, […]
$DIA, $QQQ, $SPY, RUTX, $VXX President Trump Tweeted: “Fed, Powell ‘Fail Again’”After FOMC Rate Cut The Fed cut interest rates for the 2nd time since July, and it was not enough for President Trump. President Trump assailed policy makers just mins after their decision Wednesday to cut the benchmark interest rate by 25 bts. “Jay […]
Monday, President Trump again demanded that the Fed cut interest rates in the wake of an attack in Saudi Arabia over the weekend led to a major Crude Oil disruption. In a pair of tweets Monday, the President questioned whether the Fed would “ever get into the game” and said the central bank and its Chairman, Jerome […]
$XAU, $GLD, $USD, $XAUUSD Friday, Gold saw choppy trade. The price action suggests that traders have fully priced-in the latest round of global central bank rate cuts and are now waiting to see if those cuts are having an impact on the global economy. The price action also indicates that gold may be fairly priced […]
Friday, President Trump hammered Fed Chairman Powell for not lowering interest rates, asking “where did I find this guy,” in a Tweet. President Trump was responding to Jim Cramer, who said Friday that Mr. Powell should acknowledge that he should not have raised rates last year. “Why can’t the Fed chief say, ‘You know what? I […]
Again Friday, President Trump hammered the Fed in 3 Tweets; declaring in 1 that the US economy does not “have a tariff problem, we have a Fed problem.” “The Euro is dropping against the dollar ‘like crazy,’ giving them a big export and manufacturing advantage … and the Fed does NOTHING!” President Trump said in 1 […]
Thursday, President Trump continued hammering the Fed for not cutting rates, which he claims has held back the economy, despite the Fed shaving 1/4pt from the fed funds rate in July. Chairman Powell is in the grinder. “The Economy is doing GREAT, with tremendous upside potential! If the Fed would do what they should, we […]
Tuesday, President Trump continued his attack on the Fed, saying it “loves watching our manufacturers struggle with their exports to the benefit of other parts of the world.” “Has anyone looked at what almost all other countries are doing to take advantage of the good old USA?” the President asked on Twitter. “Our Fed has been calling […]
Fed Chairman Powell comes to this year’s meeting of central bankers in Jackson Hole, WY, wedged between discord within the FOMC over appropriate monetary policy and mounting market pressure for more interest rate cuts. In navigating that gap, Chairman Powell is unlikely to use his Keynote speech Friday at the Kansas City Fed’s annual economic […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 increased 0.8% on Wednesday in a broad-based advance. Upbeat results and reassuring guidance from Target and Lowe’s reinforced the notion that the US consumer is in good shape, while investors parsed the FOMC mins from the July meeting. The Dow Jones Industrial Average increased 0.9%, the Nasdaq Composite increased 0.9%, […]
Traders and investors have been asking what is the “inverted yield curve”, this unusual bond market phenom came on briefly last week for the 1st time in over 12 years and shook Wall Street with talk that an economic downturn was imminent. Following a tweet from President Trump referencing the “CRAZY INVERTED YIELD CURVE!”, the […]
Monday, President Trump stepped up his assault on the Fed, urging it to cut interest rates by a full percentage point to aid global growth while complaining the “dollar is so strong that it is sadly hurting other parts of the world.” “The Fed Rate, over a fairly short period of time, should be reduced […]
$SPY Last week, Federal Reserve Chairman Powell cut U.S. interest rates calling the move an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late Monday designated China a currency manipulator. The move by US Treasury Secretary Steven Mnuchin starts a formal process to address […]
FLASH: Fed policy makers reportedly are being forced to cut interest rates because of the European Central Bank’s much-lower policy rate. If losing demand to Europe weakens US growth and threatens to push inflation too low, US rates also must also fall. “The ECB’s policy rate, at minus 0.4%, is already nearly 3 percentage points […]
Monday, President Trump pushed the Fed to cut interest rates as policy makers ready for their decision this month on whether to do so. “Very inexpensive, in fact productive, to move now,” President Trump Tweeted Monday. “The Fed raised & tightened far too much & too fast.” The President has been attacking the Fed for more […]
The Fed’s FOMC is set to cut interest rates by at least 25 basis points at its policy meeting at the end of this month. Will it settle on a cautious approach or be aggressive to monetary easing despite political pressure for deeper stimulus is the Big Q. There is a case for an aggressive […]
The Fed is widely expected to reduce interest rates late this month. That probably means its campaign to shrink its balance sheet is over, leaving the central bank with trillions of dollars more than before the Y 2008 financial crisis. Beginning a decade ago in a bid to fight the Great Recession, the Fed by […]
$BTC, $BTCUSD, $FB, $GOOGL, $TWTR President Trump has criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations if they wanted to “become a bank.” “I am not a fan of Bitcoin and other Cryptocurrencies, which are not […]
Wednesday, Fed Chairman Powell signaled that the Fed is likely to cut interest rates late this month for the 1st time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank’s semiannual report to Congress, Chairman Powell said that since Fed officials met last month, “uncertainties around […]
Larry Kudlow says, Fed ChairmanPowell’s job is safe for now. Mr. Kudlow is the Top economic adviser to President Donald Trump. “There is no effort to remove him,” he said in a TV interview Tuesday. Mr. Kudlow said he supports the central bank’s independence and that there are no plans presently to change Powell’s job. […]
President Trump wants the Fed to lower interest rates at a time when he may be sizing up his 2 latest picks for Fed governor as successors to Chairman Powell. If the Fed “knew what it was doing” it would cut rates, President Trump told reporters before he boarded Air Force One back to DC […]
Friday, President Trump reaffirmed his view that a Fed interest rate cut would help the US economy grow more quickly, and said Fed does not know what they are doing. Growth “would be like a rocket ship” if the Fed eased, President Trump told reporters at the White House Friday as he prepared to travel to […]
$SPY, $USD President Trump’s Tweets have not fully convinced the Fed to cut interest rates, but the stock and bond markets likely can and will. The Fed did not make a cut at its meeting last week, but it hinted strongly that one may be coming soon. Afterward, the stock market soared to new highs and the […]
FLASH: Wednesday’s projections open the door for the Fed to lower rates in short order if the economy weakens, or US trade disputes with China and other nations escalate. Fed held interest rates steady Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as […]
President Trump Tuesday kept up the pressure on the head of the Fed following a report that lawyers at the White House have explored the legality of stripping Jerome Powell of the Fed’s Chairmanship. Asked by reporters outside the White House if he wanted to demote Chairman Powell, President Trump said: “Let’s see what he does.” […]
Tuesday, Wite House economic adviser Larry Kudlow said President Trump is not considering any changes to Fed Chairman Jerome Powell’s status following a report that the White House had explored the possibility of demoting him. Mr. Kudlow spoke to reporters at the White House ahead of the FOMC’s meeting this week that comes on the […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX President Trump will not renominate Jerome Powell for another term as Fed Chairman if re-elected. “That will lead to very different monetary policy, so the Fed is not fully independent of politics,” former Fed VC Fischer, an Hussein Obama appointee, said Sunday at a talk in Israel. By criticizing […]
$SPY, $SPX The FOMC meeting next week is shaping up as pivotal for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more Dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% so far this […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Friday, President Trump sharply criticized Fed Chairman Powell in an interview aired Friday, blaming him for raising interest rates and damaging the US economy. “He is my pick, and I disagree with him entirely,” he said in an interview with ABC News that was filmed in the back of a […]
$EURUSD FLASH: Last week, Fed Chairman Powell said, “…we will act as appropriate to sustain the expansion.” With those few words Chairman Powell took the strength out of the argument for a recession because the Fed is very powerful. And with the stock market rallying, President Trump threatening more tariffs on China, stocks are just […]
$JPM, $GS, BAC, The weak May NFPs report is push the Fed closer to cutting interest rates soon if not sooner. While a reduction when policy makers meets later this month cannot be ruled out, Fed watchers said their base case is for the FOMC to stand pat. But they said the abrupt slowdown in […]
FLASH: President Trump is bringing the Fed into the US-China trade war. Tuesday, President Trump called on the Fed to “match” what he said China will do to offset economic hardship being caused by tariffs. “China will be pumping money into their system and reducing interest rates, as always, in order to make up for […]
By Jim Collins The Big Q: Will they or won’t they? The “they” in the Q is the Federal Reserve’s Federal Open Market Committee FOMC), led by Chairman Jerome Powell. The action is obviously a cut in the fed funds target rate. Chairman Powell, much like his predecessors Janet Yellen and Ben Bernanke, is fond […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Global equities declined Wednesday, capping a 3-day winning streak after the Fed held rates steady as expected, but comments from Fed Chairman Powell cast doubt on whether the central bank’s next move would be a rate cut, as expected. The Fed left its Key interest rate unchanged Wednesday and […]
$GLD, $XAU, $USD FLASH: Gold could 2X overnight, especially if President Trump uses it as a weapon in his battle Vs the Fed. The Fed controls the Buck, the Buck is the world’s trading currency, and so the Fed controls the world. A stronger USD hurts the world’s growth prospects. It also hurts President Trump’s […]
$DIA, $SPY, $QQQ, $RURX, $VXX FLASH: Wall Street finished flat to little changed in front of earnings season The stock market finished little changed Thursday in a tight-ranged trading session. The S&P 500 finished fractionally higher, as RSI from financial and industrial stocks helped mitigate losses from shares of healthcare companies in front of earnings […]
$USD FLASH: President Trump, “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.” Saturday, President Trump renewed criticism of the Fed and said its tight monetary policy contributes to a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US stock markets pause on Powell’s testimony to Congress Markets opened lower and were cautious as Fed Chairman Jerome Powell testified before the Congress Tuesday. The Fed’s U-turn that took expectations for rate hikes this year to Zero has led to a drop in real borrowing costs and a […]
The US economy will grow at a solid though slower pace in Y 2019 and the Fed will remain “patient” in deciding whether to further raise interest rates, Fed Chairman Jerome Powell said Tuesday. Chairman Powell reaffirmed the policy shift made by the Fed last month, telling a Senate Banking Committee hearing that “crosscurrents and […]
FLASH: The Fed has the stock market’s back White House economic adviser Larry Kudlow applauded President Trump’s public pressure on the Fed on the pace of the central bank’s interest-rate hikes. “I’m very glad the Federal Reserve is putting their rates on hold,” he said on TV Thursday, “I think the president’s warning on that […]
The Federal Reserve Chairman Jerome Powell said again Wednesday the US economy remains in a “good place” and has proved resilient so far to shocks like the British decision to leave the European Union. “The US economy is now in a good place,” with low unemployment and inflation near the Fed’s 2% target, Chairman Powell […]
Monday, President Trump summoned Fed Chairman Jerome Powell to the White House for dinner to discuss recent economic developments and the overall outlook. The Fed is being tight lipped about the ongoing monetary policy discussions with President Trump. Chairman Powell’s comments were “consistent with his remarks at his press conference of last week,” the Fed […]
US treasury traders are bracing for heightened volatility next week as Fed Chairman Jerome Powell ushers in a new era of press conferences after every meeting, while the US and China meet again for trade talks. The FOMC is expected to keep interest rates unchanged following the 9 hikes since Y 2015. But investors see […]
$DIA, $USD President Trump has hammered the Fed’s policy for being too tied to the notion economic growth causes inflation. Savvy people in America are “very worried” the Fed is working against the pro-growth policies that President Trump put into effect beginning on his 1st day in office just 2 years ago. The Fed is […]
US fund investors charged into high-yield corporate bonds during the latest week, shoveling $3.3-B, the most cash flowing into that market since late Y 2016, Lipper said Thursday, boosted by dovish words from Fed Chairman Powell. Underscoring investors’ appetite for some risk-taking, investors pulled $15-B net cash from US-based money market funds, according to the […]
$DIA, $SPY. $QQQ, $RUTX, $VXX No recession in sight, No rate hikes ahead. Thursday, Federal Chairman Jerome Powell said the US central bank has the ability to be patient on policy given inflation is stable, allowing it to assesses whether the US economy will slow this year as some in financial markets worry.initial comments boosted […]
Fed Chairman Powell not listening, he is being reprieved a the enemy of the US economy and the equity markets. President Donald Trump expressed confidence in the Fed, and its Chairman, Jerome Powell, following reports that he has discussed firing his central bank chief, though the President complained again that interest rates have been rising […]
$SPY, $WFC, $CS Wells Fargo (NYSE:WFC) cut estimates for stocks next year on concern the Fed is making policy mistakes that will dampen US economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While the new forecast represents a 10% […]
Expect a Rise in Gold’s Price on Fed’s Dovish Stance on Rate Hikes $XAU, $GLD Gold may be set up to rally as speculation mounts that the Fed will hit the pause button on interest rate hikes in Y 2019. After lift-off in late Y 2015 followed by a rise a year later, the Fed […]
Fed’s Dovish Outlook Fuels Broad Based Rally in Stocks $DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 extended weekly gainer by 2.3% Wednesday after Fed Chairman Powell said he sees current interest rates “just below” Neutral. His dovish remarks at the NY Economic Club thus providing a rally point of of the Key reversal Monday […]
Fed Chairman Powell, “Rate Hikes Are Not Automatic in Healthy Economy” Fed Chairman Jerome Powell cast a bright picture of the US economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Chairman Powell’s comments ignited a […]
“Growth ‘Cracks’ Will Shape Fed Funds Rate Debate” $DIA, $SPY, $QQQ, $RUTX, $VXX For the past 2 years we have seen the Fed move ahead with steady rate increases in an economy that has done better than many had expected, boosted by government spending, tax cuts, and global growth. The easy part may be over, […]
President Trump, “the Fed is the problem, must lower rates.” US President Donald Trump renewed his criticism of the Fed Tuesday, describing the central bank as a “problem” as he called for lower interest rates. The latest Presidential assault on the nation’s monetary authority comes as stocks dive on concerns ranging from slower global growth, […]
US Economy Cools, Fed’s Powell Hints a Rate Halt in 2019 Fed Chairman Jerome Powell has laid out a scenario for a pause in the central bank’s interest-rate hiking campaign sometime next year by highlighting potential headwinds cooling the US economy. Wednesday, Chairman Powell listed 3 possible challenges to growth in Y 2019, they are; […]
FOMC Leaves Key Fed Funds Rate Unchanged Little reaction to the FOMC announcement, the major averages now trade little changed from their pre-FOMC release levels. The Fed has left its Key policy rate unchanged but signaled that it plans to keep responding to the strong US economy with more interest rate hikes. The next rate […]
President Trump is Not Demanding a Monetary Policy Change at the Fed Wednesday, White House economic advisor Larry Kudlow said that US President Trump was not demanding a policy change at the Fed. President Trump heaped more criticism on the Fed Tuesday, calling rising US interest rates his “biggest threat.” The Trump Administration official said […]
President Trump, “My Biggest Threat Is the Fed” Tuesday, US President Donald Trump escalated his assault on the Fed, calling the central bank the biggest threat of his Presidency. “My biggest threat is the Fed,” President Trump said in a TV interview. “Because the Fed is raising rates too fast, and it is too independent,” he […]
President Trump, “The Fed is Out of Control” $DIA, SPY, QQQ, RUTX, VXX US President Donald Trump said he will not fire Fed Chairman Jerome Powell but blamed an “out of control” FOMC for the worst stock market sell-off since February. President Trump also told reporters in the Oval Office Thursday morning that he knows […]
“Fed Raising Rates Too Fast” $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, President Donald Trump criticized the Fed saying it is going too fast in raising rates when inflation is minimal and government data points to a strong economy. “Well, I like to see low interest rates. The Fed is doing what it thinks is necessary […]
President Trump’s Economic Boom Can Last ‘A Good Many Years’ President Trump is Guiding ‘Hottest Economy’ in World Larry Kudlow, director of the White House’s National Economic Council, does not see an end to the robust economic growth sparked by President Donald Trump’s strategy. “I just do not see where this is going to end,” he […]
US Economy Experiencing “Extraordinary Times”, Outlook Strong Tuesday, US Fed Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank’s current gradual approach to raising interest rates. Chairman Powell said the combination of steady, low inflation and very low unemployment shows the country is going through “extraordinary times.” The Fed […]
President Trump, “I am not thrilled with rate hikes” President Donald Trump criticized the Fed’s interest-rate increases, breaking with White House tradition of avoiding comments on monetary policy out of respect for the independence of the central bank. “I’m not thrilled,” President Trump said in expressing frustration with the Fed in an interview to be broadcast […]
The Market is Content with Long-term Treasury Yields The 2-year US Treasury yield rose Tuesday to its highest level in almost 10 years, with the yield curve at its flattest in nearly 11 years, as Fed Chairman Jerome Powell’s upbeat remarks on the economy supported traders’ view of more rate hikes. Chairman Powell, in testimony […]
A Standing DOJ ‘Memo’ says, “No Sitting US President Can Be Indited” US President Donald Trump is unlikely to face any charges stemming for the federal investigation into whether his campaign colluded with Russia in interfering with the 2016 Presidential Election, a former top Justice Department official told reporters last week. “I don’t think the […]
The Fed ‘May’ Need to Gradually Raise Interest Rates The Fed may need to keep raising interest rates to keep inflation under control, Fed Chairman Jerome Powell said in a speech on the economic outlook that did not address the economic risks of rising trade tensions. Friday, in his 1st speech on the economic outlook since assuming […]
Jerome ‘Jay’ Powell Confirmed by Senate to Head the Fed The Senate has approved President Donald Trump’s selection of Jerome Powell to be the next Chairman of the Fed beginning next month. Senators voted 85-12 to confirm Mr. Powell to lead the central bank, a post that is considered the most powerful economic position in […]
Economy Steams Ahead Under President Trump’s Deregulation Policy $DIA, $SPY, $QQQ, $VXX Fed Chairwoman Janet Yellen, in her final testimony to Congress as head of the central bank, described a steadily brightening picture for the US economy while downplaying the risks of financial instability. “The economic expansion is increasingly broad based across sectors as well […]
Trump’s Fed Chairman Nominee ‘Good News’ for Gold Investors $GLD, $SLV, $USD President Donald Trump’s selection for the next Chairman of the Fed’s Board of Governors will not alter policy much, and could be good news for Gold investors. Trump’s selection of current Fed Governor Jerome “Jay” Powell follows months of public speculation about the […]
DJIA Rises to Record Highs, S&P 500 & NAS Comp Lag $DIA, $SPY, $QQQ, $VXX Thursday, the DJIA climbed to record highs, while losses in Facebook (NASDAQ:FB) kept the S&P 500 and the NAS Comp flat. US investors are now seeing the tax cut plan unveiled by President Donald Trump and the GOP Congress. Market […]
President Trump to Nominate Jay Powell the New Fed Chairman $CG The White House has notified Federal Reserve Governor Jerome “Jay”Powell, 64 anni, that President Trump will nominate him as the next Chairman of the central bank. President Donald Trump spoke with Mr. Powell Tuesday, an unnamed source familiar with the matter told us. President […]
