corporate junk

Now This Is Decoupling

They didn’t make a big deal out of it, tucked away in an attached note to the last FOMC statement was a second “technical adjustment.” The Fed says it wants to raise rates but not like this. IOER was moved another 5 bps lower within the approved policy range (now 2.25% to 2.50%, federal funds). The reason they gave: Setting [...]

It’s A Dollar Double Whammy, Just Not Theirs

By Jeffrey P. Snider|2018-06-05T16:06:09-04:00June 5th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

First it was inflation. No, it was nuclear war in Korea. Then something about T-bills and government debt. And the ECB tapering while others were, too. Of course, before any of those there was 2a7. There’s always something, it seems, something different every time. Maybe it’s not any of them? Small “e” economics will survive where Economics will not. The [...]

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