Category Archives: Federal Reserve

The Good, the Bad and the Draghi

The Good: U.S. economic data released this past week were almost uniformly good, indeed, better than expected in most cases. The Atlanta Federal Reserve’s “GDPNow” rules-based GDP forecaster has bent up from an early August indication of 2.6% GDP growth … Continue reading

Posted in Economy, Europe, Federal Reserve, Uncategorized

Fed policy discussion: some FOMC members consider higher rates

U.S. stock prices were mixed Wednesday, with big, blue-chip stocks generally a little higher, while smaller stocks, biotechs and social media issues ran into a bit of profit taking after their recent rallies. NASDAQ was essentially flat with Tuesday’s 14-year … Continue reading

Posted in Federal Reserve

Europe worries send stocks lower, bonds higher

U. S. stocks were higher for about the first hour of trading on Thursday but it was mostly downhill after that, with the major equity indexes closing down about 0.5% across the board.

Posted in Bonds, Europe, Federal Reserve, Jobs

Q2 GDP growth hit 4% – but it took a 2% decline in Q1 to do it

U.S. GDP increased at a 4% annual rate in the second quarter of 2014, roughly one percentage point better than the consensus Wall Street forecast. In addition to the second-quarter economic rebound, the prior three quarters’ GDP estimates were revised … Continue reading

Posted in Bonds, Economy, Federal Reserve

Big-cap stocks rally on economic news, Yellen testimony

Although they gave up some of their early price gains as Fed Chairman Janet Yellen testified to the House Financial Services Committee on Wednesday, stocks rallied in the afternoon and closed with decent gains. The Dow was up 0.5% today … Continue reading

Posted in Federal Reserve, Industrial Production, Stocks

Stocks mostly lower as Yellen begins testimony

U.S. stocks finished mostly lower on Tuesday as Federal Reserve Chair Janet Yellen told Congress that the economy remains soft but that the Fed would remain accommodative.

Posted in Economy, Energy, Europe, Federal Reserve

Stocks, bonds higher as Fed reveals October end to bond purchases

U.S. stocks ended a two-day skid while Treasury bonds kept their winning streak alive for a third day on Wednesday as the Federal Reserve provided more clarity about the ending of its quantitative-easing bond purchasing program.

Posted in Bonds, Federal Reserve

Stock prices hit new highs on Fed’s “steady as she goes”

Stock and bond prices rose Wednesday following the release of the Federal Open Market Committee’s post-meeting statement on monetary policy. Federal Reserve officials made some tweaks to their growth and inflation forecasts, but nothing major. A changing mix of forecasters … Continue reading

Posted in Bonds, Economy, Federal Reserve, Stocks

Stocks finish down week with small gains on Friday

Stocks gained back some of their Wednesday-Thursday losses on Friday. The risks that Iraq and oil prices appeared to pose to markets on Thursday were, rightly or wrongly, minimized today. The Dow gained roughly 40 points or 0.2% Friday, spending … Continue reading

Posted in Federal Reserve, Inflation, Japan

Stocks slightly higher to mixed as markets await ECB, jobs numbers

U.S. stocks were modestly higher and international markets narrowly mixed on Wednesday as investors and traders bided their time ahead of Thursday’s European Central Bank meeting and Friday’s U.S. employment report for May.

Posted in Economy, Europe, Federal Reserve, Jobs, Purchasing Managers' Index