The stellar nonfarm payroll print for May on Friday triggered a spike in treasury yields and drove the stock market into an even more elevated frenzy of bullish recovery bets. It also added

Four key points stand out to us in the wake of Federal Reserve Chairman Jerome Powell’s 60 Minutes interview on Sunday, his comments last Wednesday to the Peterson Institute for International Economics, and in looking ahead to today’s testimony with Treasury Secretary

The market’s pricing for a negative fed funds rate of a few basis points before year-end and extending into 2022 is persisting this morning, and the longer it persists, the

A quick note on our expectations for this afternoon’s Federal Open Market Committee April meeting statement and Chairman Jerome Powell’s virtual press conference: ** First, we expect Chairman Powell will almost certainly

Next Tuesday and Wednesday will see the return to regularly scheduled meetings of the Federal Open Market Committee that will, in a way, mark an end to the Great Lockdown and

The rapid succession of launches through this week of the Federal Reserve’s 13-3 “alphabet” facilities, dusted off and updated from their initial construction amid the 2008 crisis, seem to be having their intended accumulated

After a frenzied week of astounding market volatility and turmoil, and going into next week’s pivotal Federal Open Market Committee meeting, we would make three broad points to highlight our expectations for the

While we were frankly stunned by the Federal Open Market Committee’s consensus decision to cut the policy rate by 50 basis points this morning to a 1%-1.25% fed funds target

The markets this morning have been doing some of the heavy lift for the Federal Reserve, with equities attempting a bounce back from last week’s debris, almost certainly on the high likelihood of a rate cut by the Fed and reports

Against the backdrop of a continued freefall in equity markets this morning, we took the remarks from Little Rock by Federal Reserve Bank of St. Louis President James Bullard as

The stock markets dropping by nearly 7% in two days and safe haven buying flattening yields to record lows has brought a hyper focus to how and how soon will the Federal Reserve respond

If it seems members of the Federal Open Market Committee have been unusually disciplined in their policy messaging over recent weeks, there is a good reason: ** There is little

A few points before the Senate Banking Committee hearings get underway later this morning for President Trump’s two nominees to fill the remaining vacancies on the Federal Reserve Board of

The January meeting just concluded of the Federal Open Market Committee meeting looks to have gone as smoothly as could be hoped for, judging by the seemingly minor but important changes

With little need to debate the prospect for a rate move at their two-day meeting this week, the Federal Open Market Committee will instead delve into three broader but intertwined

A couple of things occurred to us by the end of today’s Federal Open Market Committee meeting and Fed Chairman Jerome Powell’s press conference: ** The first and most noteworthy

The most remarkable thing going into this week’s year-end meeting of the Federal Open Market Committee is how little is expected to come out of it. Indeed, after the last

The main takeaway we drew from the Federal Open Market Committee today was of a Committee majority who seem to be pretty pleased with the policy stance after this third rate cut

There has been quite a bit of market speculation in the last few days over whether the Federal Open Market Committee this Wednesday will signal a pause on further rate

Judging from the surprisingly disciplined messaging going into the pre-meeting blackout period by various Fed officials on a “meeting to meeting” approach, the October 29-30 meeting of the Federal Open