The Fed provides a weekly snapshot of its balance sheet in its statistical release H.4.1. It comes out on Thursdays.…
Stock prices fell after Fed Chair Jerome Powell's press conference today, which was actually relatively dovish. He said that inflation…
The spread between the 10-year Treasury bond yield and the federal funds rate inverted in November; such inversions are predictive of credit…
The FOMC raised the federal funds rate by 25bps to 4.75%-5.00%. The committee's statement reassuringly noted: "…
The banking crisis might be equivalent to a 100bps hike in the federal funds rate. We are just guessing, but financial conditions…
In his previous press conference on February 1, 2023, Fed Chair Jerome Powell mentioned the word “restrictive” 10 times. It was mentioned…
The MegaCap-8 stocks seem to do well during pandemics. They did so in 2020 during the Covid lockdowns. They may be doing…
The FOMC always seems to take center stage in the financial markets these days, and will certainly do so on Wednesday, when…
The S&P 500 closed at 3916.64 on Friday, just above where it closed at the end of last year…
Needless to say, the recent turmoil in the banking sector is raising renewed fears of a recession and a resumption of last…
All of a sudden, we are hearing more chatter about deflation. Yes, that's right: deflation. The story line is that…
Tightening monetary cycles often end abruptly when “something breaks” and a financial crisis is triggered. If the Silicon Valley Bank run is…
