A look at the spread between the two-year and 10-year U.S. Treasury yields in comparison with the Treasury term premium implies room for further easing in long-term yields. … READ MORE >
Inflation accelerates in January amid concerns about rising expectations
The CPI data for January will feed into expectations that the Fed is done cutting rates just as policy uncertainty on trade and immigration is likely to feed into rising inflation expectations.
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Market minute: The problem of sticky and stubborn inflation
While housing inflation is easing, owners’ equivalent rent remains one of the two major catalysts for rising cost pressures on American households. … READ MORE >
Market minute: Foreign purchases of U.S. Treasury issuance
Through the end of November, the largest foreign holders of U.S. debt were Japan at $1.09 trillion, China at $768 billion and the U.K. at $765 billion. … READ MORE >
NIH adopts new policy for funding research
In the end, this policy choice will increase costs and inherently reduce the amount of money available for actual research. … READ MORE >
Morning market minute: Inflation expectations at risk
With the return of global trade protectionism and the return of mercantilism among the G-7 nations, it is not certain that inflation expectations will remain well anchored. … READ MORE >
Job growth cools in January amid revisions to labor force estimate
The tailwind in the American economy resulted in 143,000 jobs added in January and a decline in the jobless rate to 4%. … READ MORE >
Morning market minute: The rising concentration risk in equities
For the first time since the dot.com bust in 2001, the difference between the equity earnings yield on the forward-looking S&P 500 less the yield on the 10-year Treasury has turned negative. … READ MORE >
Morning market minute: The divergent unemployment rates of foreign-born and native-born workers
The unemployment rate of native-born workers stood at 3.7% through the end of last year, compared with the 4.3% jobless rate of foreign-born workers. … READ MORE >
Morning market minute: Trucking firms at risk amid trade tensions
Trucking and transportation firms, especially small and midsize ones, would take a hit should large tariffs result in diminished demand and a reduced volume of goods crossing borders. … READ MORE >