The US Treasury curve slope (30Y-5Y) continues to flatten and has just hit the low point since mid-November 2007, nearly a year before The Fed’s annoucement of QE1 (their first round of asset purchases). 40 more words
Tags » Greenspan
Listening to CNBC and Bloomberg TV, you might have gotten the impression that Hurricanes Harvery and Irma created such extensive damage (they did) that there would be labor shortages and a big rise in real wages. 69 more words
September Jobs Report: Hurricanes And Largest Gain in Full-time Employment Since 1999 (Hourly Earnings YoY Highest Since 2009)
The good news? Full-time employment rose by 935,000! The largest increase since 1999.
And then there is average hourly earnings YoY which just hit the highest growth rate since 2009. 46 more words
Fed's Yellen Backs Off "Inflation Around the Corner," Now Sings 2% Inflation Over The Next Few Years
(Bloomberg) — Fed Chair Janet Yellen said FOMC may have misjudged fundamental forces driving inflation and strength of labor market, and policy makers “stand ready to modify our views based on what we learn.” 485 more words
As expected, The Federal Reserve Open Market Committee (FOMC) kept their target rate unchanged at 1.25%.
But The Fed announced that asset-shrinking (unwinding their $4.4 trillion balance sheet) would begin in October. 92 more words
M2 Money Velocity (better known as GDP/M2 Money Stock) continues to collapse. In fact, M2 Money Velocity hit its peak in Q2 1997 under President Bill Clinton. 120 more words