Core PCE reported the smallest m/m increase since late 2020, which is fueling the market this morning. The Fed loves this fi...
The White House has metaphorical ear plugs in, when it comes to McCarthy’s threats about the government shutdown. Kevin ha...
The market is up this morning, with a bounce after yesterday’s beating. What goes down must come up? Also, some better headlin...
Just in time to put a Spirit Halloween in the abandoned White House... a government shutdown is right around the corner (p...
Closing below the 4328 level last week was a big deal technically on a medium-term basis. Coming into today, the idea of higher-...
Yellen and other gov officials are going to tag a broader group of financial firms as too-big-to-fail, which would probably tr...
Not sure if most US investors care that the BOE left rates unchanged for the 1st time in roughly 2 years at 5.25% after a fall in ...
Everyone expects a pause today at 5.5%, with the potential for another rate hike shown in the revised dot plot by the Fed. But ...
Right now, all that matters to investors is tomorrow’s Fed meeting. So, the rest of these notes are for post-meeting use....
Investors are waiting for the Fed’s updated forecasts, which will signal whether there could be another 25bps hike this year...
UBS has the best explanation for why we saw the market move up after not great data. UBS notes that the S&P hit congestion at 4...
The ECB increased rates by 25bps to a record 4%. Lagarde couldn’t promise that it was the end of rate hikes, because inflation f...
Aug’s core inflation (ex food/energy) was up +0.3%, higher than expected. Energy prices drove more than 50% of the gain in ...
Tomorrow, we get the CPI print (countdown below), which may show a pickup in inflation. Energy is up. The economy has not tanked....
The yen appreciated against the dollar, moving more than +1% after the BOJ’s Kazuo said he may end the world’s last k...
That’s what Kroger is paying out ($1.2bn) to states, local govs, and Native American tribes to settle the majority of claims that it helpe...
Jobless claims figures showed that the labor market is resilient, signaling to traders that the hope for rate reductions looks d...
The gov of China and Japan are getting ready to defend their currencies further because of a strong USD, which causes inflation ...