No doubt that in each Yellen session next week at least one Represent/Senator will ask Madam Chair about the Fed's intentions regarding Negative Interest Rates.
'dc' 'CB' 13:41:49 GMT - 02/04/2016
think how much those "Savers" cud be spending if they were earning just a paltry 5.4% on that money.
but then banks like Deutsche and Credit Suisse wud be History, because at that rate they cud never service their derivative book
The FED works for the Banks...period
Livingston nh 13:31:50 GMT - 02/04/2016
Setting the Table //
From WSJ --
“Recent developments reinforce the case for watchful waiting,” Ms. Brainard said Monday in response to questions from The Wall Street Journal.
Stresses in emerging markets including China and slow growth in developed economies could spill over to the U.S., she said. “This translates into weaker exports, business investment, and manufacturing in the United States, slower progress on hitting the inflation target, and financial tightening through the exchange rate and rising risk spreads on financial assets.”
Dudley, Fischer and Brainard
See if Yellen can explain to Congress:
Personal Interest Income in Q1 2014 $1320.2 bio
Savings Rate 5%
Personal Interest Income in Q4 2015 $1319.4 bio
Savings Rate 5.4%
A decline in interest income over two years with the savings rate increasing (meaning less consumption)
but the lug nuts are wondering why GDP is below trend and NAIRU isn't "working"
You can do the same exercise w/ productivity concerns and the tight FISCAL effect of Misguided Monetary policy (holding and reinvesting nearly 20% of tradeable Treasury debt)
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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