The Fed’s Minutes Are Hawkish. They Also May Be Out of Date.

The Fed's Minutes Are Hawkish.  They Also May Be Out of Date.

Text size Federal Reserve Chairman Jerome Powell in June 2022. Kevin Dietsch/Getty Images Minutes from the Federal Reserve’s June 14-15 meeting reveal central bankers’ growing anxiety over inflation and plans to adopt a restrictive policy stance in order to cool rapidly rising prices. The minutes read hawkish. Major stock indexes, however, rose after the release … Read more

The future monetary policy is all about CBDCs, not crypto – BIS’ report

The future monetary policy is all about CBDCs, not crypto - BIS' report

(Kitco News) “Anything that crypto can do, CBDCs can do better” is the sentence that describes the Bank for International Settlements’ vision for the future monetary policy system. The future of money is all about central bank digital currencies (CBDCs), not crypto. And that’s because of all the flaws that cryptocurrencies … Read more

Stocks Historically Don’t Bottom Out Until the Fed Eases

Stocks Historically Don't Bottom Out Until the Fed Eases

Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routes. It turns out the Fed has often had a hand in market turnsarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read more

The Lords of Money Pose Massive Threats to Markets

The Lords of Money Pose Massive Threats to Markets

Think the Fed’s job is hard? At least the US Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s leading to some very strange, even contradictory, policies. The troubles of the three central banks mean investors should prepare for the sort … Read more

What the Fed’s biggest rate hike in decades means for the bear market in bonds

What the Fed's biggest rate hike in decades means for the bear market in bonds

Historically bad. That’s how the mammoth $53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that mean … Read more

Dow Closes Below 30000 as Post-Fed Rally Reverses

Stock Futures Falter as Post-Fed Rally Fades

US stocks fell sharply Thursday, sending the Dow Jones Industrial Average below 30000 for the first time since January 2021 as volatility continued to rock the market. Major indexes have notched big declines in 2022 as high inflation, rising interest rates and growing concerns about corporate profits and economic growth dent investors’ appetite for risk. … Read more