Strong U.S. Employment Report For June
Nonfarm payrolls rose 222K in June (a stronger gain than forecasts) and payroll gains for the prior two months were revised 47K higher.  The...
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US: Bond Market Conundrum 2.0
The time-varying term premium embedded in bond yields ensures that the Fed's ability to affect longer-term yields and, hence, overall financial...
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Fed Hikes Rates and Outlines Balance Sheet Normalization Plan Despite Another Low Inflation Reading
A busy Wednesday for U.S. economic releases started with another lower-than-expected reading on consumer inflation.  May retail sales were also...
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Doubts About the Appropriateness of a Fed Rate Hike Next Week Are Misplaced
In the last week there has been commentary and media articles questioning why the Fed would hike rates on Wednesday given the latest U.S. jobs and...
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U.S. Payroll Growth Disappointed But June Fed Hike Expectations Undisturbed
Nonfarm payrolls rose 138,000 in May, which compares to a median consensus projection of a 180,000 gain. Â Also, payroll gains for the prior two...
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