Mindblown: a blog about philosophy.
-
MORNING REPORT APRIL 18th
Not much going on overnight, but great numbers out of China is helping support the equity markets in Europe and the US, while the focus still remains, what will the Fed do next?
-
END OF DAY REPORT APRIL 17th
April 17th End of day report from Levithan. Well that was worth waking up for, very quiet session that is probably best forgotten as we get comfortable with the idea of interest rates above 5%
-
MORNING REPORT APRIL 17th
Quiet start to the week with nothing much moving as we contemplate one more hike from the Fed to take us over 5%, can we handle that?
-
END OF DAY REPORT APRIL 14th
END OF DAY REPORT APRIL 14th FROM LEVIATHAN. THE WEAKER RETAIL SALES DIDNT STOP FED OFFICIALS COMMENT HOW THEY STILL THINK THERE IS WORK TO BE DONE ON INFLATION, SO LOOKS LIKE ONE MORE HIKE IS ON THE CARDS FOR NOW
-
US Industrial Production MM* (Mar) 0.4% vs. Exp. 0.2% (Rev. 0.2%)
-
Fed’s Waller (voter, hawk) says recent data shows the Fed hasn’t made much progress on inflation goal, rates need to increase further; policy needs to remain tight for a substantial period, longer than what markets anticipate
-
Fed’s Goolsbee (voter) says when you have financial tightening occurring, that does the work of monetary policy; still have several weeks before the May meeting
-
US Retail Sales Ex-Autos MM * (Mar) -0.8% vs. Exp. -0.3% (Prev. -0.1%)
-
US Retail Sales MM * (Mar) -1.0% vs. Exp. -0.4% (Prev. -0.4%, Rev. -0.2%)
-
MORNING REPORT APRIL 14th
Relief that inflation may finally be being tamed won over recessionary alarmism as weaker than expected PPI indicated that the Fed may about to call time on their hiking cycle
Got any book recommendations?