Dovish Fed Policy Statement and Respectable Corporate Profits: Both Supportive for US Equities
Fed Chairman Powell announced a dovish tilt to policy conduct via faster QT tapering and zero likelihood of a higher policy rate. Lower inflation...
99 Views
Future Fed Policy Conduct: Time to Eradicate the Secular Stagnation Thesis
Repricing of the Fed's policy conduct has been major. Adjustments could have been reduced if accommodation had been removed earlier. Structurally...
137 Views
Fed Still Intent on Lowering Policy Rate Despite Inflation Uncertainties
Markets have become more hawkish than the Fed for the first time since 2013. Meanwhile, the PCE deflator points to a disinflationary trend....
199 Views
Implications of Immigration on Future Fed Policy Conduct and US Equity Returns
US immigration's future impact on the political, economic and financial landscapes could be very considerable. Fed policy could be affected by...
275 Views
Yen Weakness Not Solely Due to Bank of Japan as Corporates Play a Critical Role
Th yen has been weakening since 2013. Policy easing by the BoJ explains part of the trend, but corporations have played a role. Cash hoarding at...
308 Views