CATS or LES MISERABLES . Hihi strong labor market with low wages .
dc CB 19:19:43 GMT - 03/16/2016
PAR 18:40 GMT
Fed presentation starts to look like Mamma Mia .
no actually its' CATS
dc CB 18:51:57 GMT - 03/16/2016
zerohedge @zerohedge 42s42 seconds ago
Yellen unleashes the random word generator
PAR18:50:21 GMT - 03/16/2016
And it is always the fault of the rest of the world .
dc CB 18:49:01 GMT - 03/16/2016
With that question, Liesman just lost his job
GVI Forex john bland 18:48:51 GMT - 03/16/2016
As usual, this Fed has my head spinning. just as the economy starts to look better they turn more dovish.
PAR18:48:25 GMT - 03/16/2016
Hard to believe she will raise rates this year with economic growth coming down . Unemployment rate looks strange when taking in the total economic contest , probably some statistical errors or seasonal adjustments gone wild .
But with lower yields , bonds go up and ... Yellen is making money for the American People .
Trump will have a lot of work .
PAR18:40:52 GMT - 03/16/2016
Fed presentation starts to look like Valeant presentation . Lower and lower growth till 2018 Mama Mia .
CB, euro hourly candles. current and last. should close hour close to highs otherwise will lose the lot dwn to pre fomc by top of hour.
GVI Forex john bland 18:26:19 GMT - 03/16/2016
For release at 2:00 p.m. EDT
Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a moderate rate, and the housing sector has improved further; however, business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional strengthening of the labor market. Inflation picked up in recent months; however, it continued to run below the Committee's 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen. However, global economic and financial developments continue to pose risks. Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further. The Committee continues to monitor inflation developments closely.
Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Loretta J. Mester; Jerome H. Powell; Eric Rosengren; and Daniel K. Tarullo. Voting against the action was Esther L. George, who preferred at this meeting to raise the target range for the federal funds rate to 1/2 to 3/4 percent.
dc CB 18:24:21 GMT - 03/16/2016
so now the Presser. Will Yellen put her foot in it, like Draggie did...and reverse everything within the first 30 mins?
Livingston nh 18:23:25 GMT - 03/16/2016
JP -- Worked out pretty well for that kid that said the Emperor had no clothes - the Great Unwashed made him the New emperor
Mtl JP 18:20:34 GMT - 03/16/2016
and lose their career ?
u r not that nasty nh r u ?
Livingston nh 18:18:34 GMT - 03/16/2016
Other than a RATE Cut this was as dovish as could be imagined -- how's that Forward Guidance from December workin' out -- Never Mind
I hope there is at least one hostile interlocutor at the presser
dc CB 18:07:01 GMT - 03/16/2016
Janet panicked and folded again in the face of "unequivocally good" data based on what The Fed has said it monitors. Of course there were plenty of excuses:
*FED LEAVES RATES UNCHANGED AT 0.25%-0.5% AS EXPECTED
*FED SAYS GLOBAL ECONOMIC DEVELOPMENTS CONTINUE TO POSE RISKS
*FED MEDIAN FORECAST IMPLIES TWO 2016 RATE HIKES VS FOUR IN DEC
Not too dovish, not too hawkish, a goldilocks statement - just a little more inflation and just a little less unemployment and just another month or two of near-ZIRP rates is what it takes. We are breathless in anticipation.
DJ US Retail Sales Down in 2016's 1st 2 Months -- Market Talk
8:39 ET - US retail sales slipped 0.1% in February from the prior month, a reading which matches economists' estimates but is nonetheless disappointing. That's because January sales fell 0.4% from December, a big revision from the previously reported 0.2% gain. January's decline was the largest since the same month in 2015. That as revised data show Americans pulled back on car purchases to start 2016. New estimates show sales at dealerships fell 0.4% during January, versus the previously reported 0.6% gain. Retail sales are measured in dollars, so the weak auto figures could in part reflect cars and trucks being sold at a discount. ([email protected]; @ericmorath)
(END) Dow Jones Newswires
PAR12:37:21 GMT - 03/15/2016
DJ PPI Report Hints at Firming Underlying Inflation -- Market Talk
8:34 ET - February's PPI fell 0.2% on-month and was flat from a year earlier. But that was the first month the metric didn't fall year-over-year since January 2015. Energy-related goods remain the biggest weight, with diesel down 40.5%, LPG down 39%, gasoline off 29.5% and home heating oil down 29% from a year earlier. Meanwhile, food prices inched lower. But the index for finished goods less food and energy rose 1.6% from a year earlier and for services, growth was 1.5%. While hardly a breakout for inflation, the report suggests some firming on core goods and services. ([email protected])
GVI Forex john bland 12:35:37 GMT - 03/15/2016
PPI soft Large downward revisions in prior Retail Sales
Une voiture explose à Berlin, le chauffeur tué BFMTV
GVI Forex john bland 10:06:07 GMT - 03/15/2016
Reports of a possible car bomb in Berlin...
Mtl JP 13:49:49 GMT - 03/14/2016
so according to Jim Edwards "They just don't function in any useful way."
someone posted the link below - it is in german - but essentially link goes thru a calculation to find a point when retail banks are better off hoarding cash in their vault than leave it sit at the Mother bank...
hoarding physical cash... buy retail banks. How (not) useful a thing is that is that , eh ?
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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