Powell Sticks to the Script In both his written and verbal testimony today Federal Reserve Jerome Powell stayed true to the party line. The Fed intends to maintain easy policy

Monday Morning Notes, 2/22/21 If You Don’t Have Time This Morning The Fed’s not worried about rising long yields. They would be more worried if markets started pricing in 2022

The Fed Leans into The Recovery The stage is set for an increasingly tense standoff between market participants and the Federal Reserve over the coming months. The minutes of the

Tuesday Morning Notes, 2/16/21 If You Don’t Have Time This Morning The Fed intends to let the economy run red hot and the inflation data has yet given them a

What the JOLTs Report Tells Us About the Stimulus The discussion around fiscal stimulus has largely centered around estimates of potential output. The December JOLTs report provides an opportunity for

If You Don’t Have Time This Morning Fed speakers have coordinated communication around the central theme that it is too early to speculate on the timing of tapering. We should

Laying Down the Law The January FOMC meeting must have been a real barn burner. Looks like someone laid down the law on regional presidents speaking a little too casually

Tim Duy’s Fed Watch, 2/3/21 Cost of Suppressing Dissent There are multiple themes in the Fed commentary I am tracking. One theme is the suppression of dissent. See this via Craig Torres and

Note: This is a fairly expansive piece but it became a little long. That said, worth the time. Introduction In the wake of the less-than-spectacular though I think underrated November

Markets are in motion overnight as we go into what promises to be another wild week. The coronavirus remains the focus of everyone’s attention, and for good reason. Unfortunately, the bad