Tag Archives: inflation

Something for Both Hawks and Doves in Latest Jobs Report

Nonfarm payrolls came in above expectations last week as they rose by 280k. The prior months were revised up by 32k. The news jolted the bond market, pushing yields higher (see my recent post for more details on the markets). … Continue reading

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June Rate Hike Said Unlikely as Economy Improves

If The Fed Chair Speaks Late On a Friday Afternoon Before a Long Weekend, Investors Should Still Listen If the economy continues to improve as expected, the first hike will come in 2015: “It will be appropriate at some point … Continue reading

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Listening Closely to Janet Yellen (It’s Not about Equity Valuations)

In a question and answer session with the IMF’s Christine Lagarde last week, Fed Chairman Janet Yellen made a number of statements about systemic risks, but the media highlighted her equity valuation soundbite – that valuations “are at this point … Continue reading

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Congress and the Economy Advance, Market Takes a Breather

Both the House and Senate passed budget resolutions but they still have to reconcile them. This is huge progress relative to the gridlock that prevailed in prior years. Additionally, the House passed “doc fix” legislation, which will end the annual … Continue reading

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Dovish Fed Resets Outlook For Risk Assets

The market’s initial reaction to Wednesday’s FOMC meeting was consistent with a dovish interpretation. U.S. Treasury yields declined and the dollar underperformed. However, as market participants digest the information, much of the initial moves have been retraced. Following the meeting … Continue reading

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