Mindblown: a blog about philosophy.
-
Fed’s Mester, in Q&A, says Fed has come a long way in tightening policy; rates are the active tool of monetary policy, not the balance sheet Fed is aiming for a soft landing in the economy. Economy is on track for very slow growth, wouldn’t take a big shock to generate a recession
-
Fed’s Mester (non-voter) reiterates Fed will need to hike policy rate to over 5% and hold there for a while; inflation still too high, Fed has more work to do; Fed is much closer to the end of the rate-hike journey
-
U.S. existing-home prices fall nearly 1% in March, the biggest drop in a decade
-
SpaceX Starship rocket blows up minutes after launch
-
US Treasury Secretary Yellen says the US-China relationship is clearly at a “tense moment” Earlier, Yellen said the US seeks constructive and fair relationship with China; US will not compromise on national security.
-
Tesla in the toilet…shares trading down to $165 pre open
-
US Philly Fed Business Indx* (Apr) -31.3 vs. Exp. -19.2 (Prev. -23.2)
-
MORNING MARKET REPORT APRIL 20th
Markets are scared of inflation again as we brace for more hikes on both sides of the Atlantic, things are winding up for economic storms ahead
-
END OF DAY REPORT APRIL 19th
With UK inflation stuck stubbornly above 10%(!)looks like they wont be lowering rates there anytime soon and with the debt limit about to take center stage this could be the calm before the storm
-
MORNING REPORT APRIL 19th
Strong inflation numbers out of the UK and Eurozone have sent stock markets lower, with some major earning coming out later, investors are definitely on the defensive
Got any book recommendations?