There will also be other Fed speeches and the minutes of the last FOMC meeting. What should we expect? Fedspeak is described by former ..... transparency. There certainly is more open disagreement among the FOMC participants. Two Viewpoints Among market participants there
budget deficit for FY13 at 4% of the GDP [vs. an est. of 5.3%]. Bernanke testifies before Congress on Wednesday. The FOMC Minutes are released on Wednesday. The BOJ rate decision and Kuroda ’s press conference are on Wednesday. ECB’s Draghi
investment grade corporates ( LQD ), the guy who bought IG is now in high-yield ( HYG , JNK ), and so on (glasses clink in the FOMC board room). Their largest position is Sprint Nextel ( S ) - as fans of Masayoshi Son and long-time owners of DISH , the
Plosser notes that although negative Treasury remittances (i.e. capital losses at the Fed) wouldn't likely impede the FOMC 's ability to conduct monetary policy, they could indeed tip political sentiment in an undesirable direction just as the country
when was "too dovish" a disqualification), noting it was Yellen who pushed for and got an inflation target. She was also a FOMC voter amid the 1994 tightening cycle, he says, and never once dissented. Harris does allow she's more dovish than Bernanke
while Yellen is thought to be quite dovish, she may prove to be more of a pendulum. Importantly, 2 hawks are rotating onto the FOMC voting role next year - not necessarily changing policy, but certain to create "more noise." 1 comment!
but they really mean " the S&P 500 ( SPY ), says David Rosenberg, referring of course, to the esteemed members of the FOMC . "After all, to get the wealth effect to work on spending, you have to generate the wealth," he continues. As for the
economic growth and job creation will likely bring the unemployment rate down toward 6.5%, the target stated in the March 2013 FOMC statement³, well ahead of their own projections and could force them to raise rates sooner than expected. A quickly falling
7 Year Treasury Bond ETF ( IEI ), suggesting someone (or ones) making a large bet targeting the middle of the Treasury curve. The moves came following FOMC minutes at which it indicated a readiness to increase QE as needed. 4 comments!
move away from anything longer than 10 years, and yields will rise sharply. In March, when there was a rumor that some on the FOMC [Federal Open Market Committee] wanted to end QE before the end of the year, the yield on the 10-year Treasury went from