A rather non conventional start to the presser with Ben Bernanke being cornered on how big the change in Employment situation and inflation would actually cause the Fed to reduced the buying program both for Agency MBS and Long Treasuries…
A rather non conventional start to the presser with Ben Bernanke being cornered on how big the change in Employment situation and inflation would actually cause the Fed to reduced the buying program both for Agency MBS and Long Treasuries…
The March FOMC Statement has been released along expected lines. The Fed has apparently tried to remove possibility of runaway speculation around its statements in small measure removing strategic Ifs and buts from the January statement specifically when confirming…
Making news this Wednesday as the FOMC meeting gets over is the continuing of the Federal Reserve along new NGDP targets or in this particular US cae an unemployment target of 6.5% to continue the $45B open ended QE program.…
Clint Eastwood’s newly launched Anti Obama Campaign inadvertently combined with the FOMC meeting announcement along expected lines to bring out a likely mean streak in equities in afternoon trading. As expected the October announcement, as it is not to be…
The statement reiterates it noted the deceleration in the First Half of the year and to be fair to them have not added any new spin to what has already become painfully obvious to most observers except for not giving…
The moderate recovery underway in the data seems to wax and wane according to its distance from a scheduled Fed meeting with bad new home sales last week ignored as the Beige Book and now the Personal Income shows a…
Read my Lips. We are the US regulator. We cannot regulate LIBOR which is run by the British. A flabbergasted Ben Bernanke would have probably used those words at home or at his favorite College when delivering a lecture on…
Equities and Commodities are likely to continue reacting sharply in US markets after the minutes from the June 19,20 meeting were released. The FOMC had shorn US growth projections to 2.3-2.5% in the long term at the meeting and though…
Forecasts for the US Ecoonomy at the June FOMC were down by as much as 0.5 % on GDP, with 2013 forecasts to 2.7-3.1% and 2012 data to 1.9-2.4% GDP and even unemployment forecasts moved south to 8.2% at the…
FOMC announcement as expected brought the horns on the Euro, honking down 5% in amatter of minutes. The FOMC seemed to have extended its dovish language for this meeting as well taking the opportunity tio extend $245 B of Operation…
| INDU | 0.00 | ||
| NASDAQ | 3498.965 | ||
| S&P 500 | 1644.81 | ||
| AMZN | 259.85 | ||
| AAPL | 443.94 | ||
| GS | 157.65 | ||
| BAC | 13.16 | ||
| JPM | 53.0669 | ||
| UAL | 34.08 | ||
| MCD | 99.77 | ||
| KO | 42.08 | ||
| DIS | 64.80 | ||
| DB | 45.21 | ||
| HBC | 55.10 | ||
| VMW | 71.18 | ||
| KRS | 38.09 |