The Fed
A House Divided: The Latest From the Fed
The latest Fed minutes were released on Wednesday (in fact, they were released five hours early), and this month well see more of the same from the US Central Bank: $85 billion in Treasury bond purchases. But this time, were seeing a growing divide between the hawks on the board–those who want to favor higher [...]
Cramer: Fed’s ‘Parlor Game’ Has Cost Investors
Investors are too focused on the Federal Reserve and its costing them, since other factors are more important for stocks, CNBCs Jim Cramer said on Squawk on the Street Wednesday. This is a parlor game that has cost our viewers a fortune by emphasizing when the Fed is going to be finished, Cramer said, adding [...]
Analysis: To trade or not to trade, when the Fed sends you inside info
NEW YORK (Reuters) – What would you do if you got your hands on a closely watched report that often moves stocks, bonds and currency markets, and it was sent to you by the Federal Reserve the day before its official release? Would you trade on the information it contained? If you did, would that [...]
Fed officials at odds over when to cut bond buys
EL PASO, Tex./STONE MOUNTAIN, Georgia (Reuters) – The Federal Reserve should start cutting back on purchases of housing bonds as soon as its next meeting, one top Fed official said on Wednesday, just hours after another said talk of trimming the central banks bond buys was premature. The divergent views, the former from inflation hawk [...]
Secondary Sources: Luxury Goods, Fed and New Crisis, Toilet Paper Economics
By Phil Izzo A roundup of economic news from around the Web. Luxury Goods: Izabella Kaminska wonders whether China will crackdown on displays of wealth. Now that we have Chinese socialites engaging in public cat fights over who is richer, posting snapshots of their bank accounts “Rich Kids of Instagram style”, one has to wonder [...]
Time To Fight The Fed
Most people get it when they see a sign reading Free beer tomorrow hanging above a bar. The few who are naive enough to show up the next day, only to find the same sign, get it at that point. Only sophisticated investors and economists keep coming back. Again and again. Maybe on the third [...]
Plosser pitches his plan for a post-crisis Fed
HONG KONG (Reuters) – A top Federal Reserve official on Thursday took an early stab at how the central bank should reduce its swelled balance sheet to a more normal size in the years ahead, arguing the current plan may need some adjusting. In a detailed speech to a Hong Kong audience, Philadelphia Fed President [...]
Gold & silver "take a beating" from Goldman Sachs, the Fed & Cyprus sales plan …
The wholesale price of gold rallied from one-week lows against the Dollar on Thursday morning, but continued to fall for UK and Euro investors, hitting four- and two-month lows respectively. World stock markets continued to rise, while major government bonds slipped, commodities held flat, and silver bullion rose back above $27.50 per ounce. Precious metals [...]
Could the Fed Be Pulling the Plug on Free Money?
The following video is from Wednesdays Investor Beat, in which host Chris Hill and analysts Jason Moser and Lyons George dissect the hardest-hitting investing stories of the day. The Samp;P and the Dow hit new all-time highs on Wednesday in the wake of news that the Federal Reserve is thinking about ending its quantitative-easing policy. [...]
The Fed’s Policy Timeline
The release of the March FOMC Minutes has brought renewed discussion of when the Fed will slow and eventually halt their asset purchases. The minutes suggest that given improving economic conditions, several members were in favor of curtailing asset purchases immediately or by midyear with purchases ending by the close of 2013: In light of [...]