A Quick Note on the First Release of Q2 GDP for the U.S.

Fed Hikes Rates and Outlines Balance Sheet Normalization Plan Despite Another Low Inflation Reading

The Fed Takes Another Step Toward Ending Balance Sheet Reinvestments

Economist (US Macro), RDQ Economics

Conrad DeQuadros

Economist (US Macro)

RDQ Economics

RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.  
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Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
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The founders of RDQ Economics—John Ryding and Conrad DeQuadros—worked together on Wall Street for a decade, in the independent research space for nine years, and have experience in central banking at the Federal Reserve and the Bank of England.  John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.

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<p>As was widely expected, the Federal Open Market Committee left the fed funds rate unchanged at 1.00%–1.25% today.  The policy statement noted “the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been solid, on average, since the beginning of the year, and the unemployment rate has declined” (in the June statement, job gains were said to “have moderated”).  The vote today was unanimous.</p><p>On inflation, the Fed noted “On…</p>

As was widely expected, the Federal Open Market Committee left the fed funds rate unchanged at 1.00%–1.25% today.  The policy statement noted “the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been solid, on average, since the beginning of the year, and the unemployment rate has declined” (in the June statement, job gains were said to “have moderated”).  The vote today was unanimous.On inflation, the Fed noted “On…

Fed Left Rates Unchanged But Said Balance Sheet Normalization To Begin "Relatively Soon"

US Treasury (10 Yr Generic)

Fed Left Rates Unchanged But Said Balance Sheet Normalization To Begin "Relatively Soon"