Now that the Federal Reserve cut interest rates for the second time by 25 basis points to a target range of 1.75% to 2.00%, what is next for the United States central bank? From Wednesday’s statement, the dot-plot suggests that seven Fed officials anticipate one more rate cut this year. And the CME Group FedWatch […]
Federal Reserve
As FOMC meets will Federal Reserve launch QE4?
By: Andrew Moran Author Lewis Carroll wrote in Alice’s Adventures in Wonderland: “If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?” Well, that […]
Market NOT expecting Fed to cut interest rates in September
Interesting. There was a complete shift in sentiment on markets over the Federal Reserve cutting interest rates. It turns out that most fed fund traders anticipate that the United States central bank will leave rates in the target range of 2.00% to 2.25%. According to the CME Group FedWatch tool, there is a 60% chance […]
STUDY: More Americans think president controls economy more than Federal Reserve
It turns out that the American think the president is most responsible for the economy, even more than the Federal Reserve, says a new study. According to a Bloomberg survey, conducted with YouGov, more than one-quarter (28 percent) of U.S. adults think the president is most responsible for the economy. This is followed by Congress […]
ECB deepens subzero interest rates, relaunches QE
Well, the European Central Bank (ECB) has returned to quantitative easing and is deepening Europe into subzero territory. In his next-to-last policy meeting, ECB President Mario Draghi pulled the trigger on an interest rate cut and going through with another round of QE. Subzero interest rates and QE are how we do this, baby. On […]