Bullard says Fed may need to tighten ‘sooner rather than later’ FOMC closer to goals than during most of the past 50 years Policy far from normal even as economy near FOMC goals Labor force participation may fall further There … Continue reading
Highlights of the summary of commentary on current economic conditions by Federal Reserve district: Most districts were optimistic about economic outlook Labor market conditions improved Consumer spending increased in all 12 districts Manufacturing increased in all 12 districts ‘Banking conditions … Continue reading
Headline on Reuters. No surprise that SF Fed President Williams would repeat the rhetoric from his old boss Yellen.
The high-flying biotech and social media space has been on a rollercoaster ride after comments on the Fed’s biannual report that accompanied Yellen’s testimony but the comments appeared twice but with a slightly different (but critical) change: Nevertheless, valuation metrics … Continue reading
Says ‘significant slack remains in labor markets’ Normalization talks don’t mean imminent policy change Repeats low rates sen for considerable period post-QE Bond buying likely to end after October meeting Some lower-rated corporate debt values appear stretched Too many Americans … Continue reading