For decades, Japan used low interest rates and piled up debt to prop up its aging economy. Now, the currency market is saying enough is enough. … READ MORE >
Market minute
Market Minute: Why gas prices will fall, but only gradually
For every $10 that the price of oil declines per barrel, the price of gas declines by only $0.024 per gallon. … READ MORE >
Market Minute: We expect a gain of 180,000 jobs in June
The gains will be driven by health care, education, government, leisure and hospitality, as well as the goods-producing and construction sectors. … READ MORE >
Market Minute: Guns, butter and inflationary pressures
The increase in defense spending is boosting GDP and the labor market, but also adding pressure to inflation. … READ MORE >
Market Minute: Yield curve pricing in a hawkish Fed
Two-year Treasury yields have increased by 85 basis points, to 4.23%, since the last day of trading before the Iran war. … READ MORE >
Market Minute: Oil inventories plunge to operational stress levels
Inventories of West Texas Intermediate crude held in Cushing, Okla., have fallen to 20 million barrels, the lowest point in a decade. … READ MORE >
Market Minute: Why so hawkish?
A simple look at PCE, core PCE, CPI, core CPI, PPI, and core PPI illustrates that they all reside above the current federal funds policy rate, not to mention the Federal Reserve’s 2% inflation target. … READ MORE >
Market Minute: At the FOMC meeting, a rate hike to be determined later
Recent events have caused a reset of investor expectations regarding what and when the Federal Reserve’s next move will be. … READ MORE >
Market Minute: Financial conditions remain a modest tailwind
Our RSM US Financial Conditions Index stands at 0.8 standard deviations above normal with room to improve in the second half of the year. … READ MORE >
Market Minute: Warsh will face a searing credibility test
How will the new Fed chair balance his stated receptiveness to rate cuts with the recent rise in inflation? … READ MORE >