Helping You Survive and Prosper in the Greater Depression
What a difference a week can make. Following this week's testimony on Capitol Hill from Federal Reserve Chair Jerome Powell, the financial market is now penciling in a larger-than-expected rate hike at this month's Federal Open Market Committee … [Continue reading] about Markets now expecting 50-basis-point rate hike at March FOMC meeting
One of the chief recession indicators plummeted to triple-digit negative territory in the middle of the trading week. The popular spread between the two- and ten-year Treasury yields declined to -108 basis points on Wednesday, the lowest level … [Continue reading] about Yield curve – chief recession indicator – inverts 108 basis points following Jerome Powell hearing
Federal Reserve Chair Jerome Powell delivered his semi-annual Monetary Policy Report in front of the House Financial Services Committee hearing. It will be the same thing as the Tuesday Senate Banking Committee hearing: restoring price stability … [Continue reading] about Watch Now: Fed Chair Jerome Powell testifies at House Financial Services Committee hearing
So, a couple of hours have passed since Federal Reserve Chair Jerome Powell completed his testimony to the Senate Banking Committee. How was it? Perhaps this is the best … [Continue reading] about Jerome Powell nukes markets after promising Fed will keep raising interest rates
The Federal Reserve Bank of Atlanta's GDPNow model estimate continues to be lowered. The regional central bank updated the real GDP growth rate to two percent, down from 2.3 percent in the previous projections. Here is what the Atlanta Fed Bank … [Continue reading] about Atlanta Fed Bank GDPNow estimate revised lower to 2% in first quarter