Central Bank Watch
Comments on the FOMC Minutes from November 7-8
November 29, 2018
FOMC minutes released today suggest a lesser shift in Fed policy intentions that markets perhaps assumed after yesterday’s speech by Chairman Powell. His remark regarding the federal funds rate perhaps now only being slightly lower than rate neutrality is ascribed in these minutes to just a few committee participants. A few participants, while viewing further […] More
New Overnight Developments Abroad - Daily Update
Mixed U.S. Data, Lots of Other Data, and Ever-present Worries about The Mueller Investigation and U.S.-Sino Trade Strains
November 29, 2018
U.S. personal income rose 0.5% last month, a 7-month high. Personal consumption expenditures went up even more robustly, 0.6%, and the core PCE price deflator measure of U.S. inflation settled back 0.1 percentage point to 1.8%. On the other hand, U.S. pending home sales sank 2.6% to a near four-year low and recorded an on-year […] More
