Posted in Bonds Economy Federal Reserve Treasuries

Three-Month U.S. Treasury Yields Turn Negative

Demand for short-term Treasuries pushed yields on one and three-month bills negative Wednesday morning.

Continue Reading Three-Month U.S. Treasury Yields Turn Negative
Posted in coronavirus Economy Federal Reserve health James Bullard unemployment

Bullard Says Unemployment Could Rise to 30%

A Fed official warns that the U.S. could see unemployment rise to levels not seen since the Great Depression.

Continue Reading Bullard Says Unemployment Could Rise to 30%
Posted in China Chuck Schumer coronavirus Default Department of the Treasury Donald Trump Economics Economy FDIC Federal Deposit Insurance Company Federal Reserve Great Depression infrastructure Kevin McCarthy Marco Rubio Mitch McConnell Nancy Pelosi steven mnuchin Wuhan virus

The Economic Disaster Media And Washington Haven’t Begun To Notice

Just beyond — and in the midst of — the public health and financial liquidity crises is the expansive and potentially devastating solvency crisis.

Continue Reading The Economic Disaster Media And Washington Haven’t Begun To Notice
Posted in Chris Bedford debt Donald Trump Federal Reserve Finance House of Representatives Jerome Powell loans Loretta Mester National Debt Quantitative Easing The Federalist Wuhan virus

Federal Reserve Announces $700 Billion Asset Purchases, Cuts Interest Rates To Zero

The nation’s central bank stated in an emergency that it was ‘prepared to use its full range of tools’ to keep the economy afloat.

Continue Reading Federal Reserve Announces $700 Billion Asset Purchases, Cuts Interest Rates To Zero
Posted in Donald Trump Economy Federal Reserve Politics

Donald Trump Praises Federal Reserve for Slashing Rates to Near-Zero

“I congratulate the Federal Reserve. I think it’s terrific,” Trump said.

Continue Reading Donald Trump Praises Federal Reserve for Slashing Rates to Near-Zero
Posted in coronavirus Economy fed Federal Reserve health Jerome Powell Politics

Fed to Buy $700 Billion in Bonds to Support Economy

The Fed will deploy a new round of large scale bond purchases to combat the economic toll of the coronavirus.

Continue Reading Fed to Buy $700 Billion in Bonds to Support Economy
Posted in coronavirus Economy Federal Reserve health interest rate Jerome Powell

Fed Slashes Interest Rates to Near-Zero, Buys Bonds to Buffer Economy in Coronavirus Outbreak

The U.S. Federal Reserve announced Sunday evening that it would slash interest rates to near-zero and buy billions of dollars in bonds in an effort…

Continue Reading Fed Slashes Interest Rates to Near-Zero, Buys Bonds to Buffer Economy in Coronavirus Outbreak
Posted in Beige Book coronavirus Economy Federal Reserve health

Fed’s Beige Book Finds Coronavirus and Election Fears Spreading Through Economy

The Fed’s survey of business around the country found increasing worries about the coronavirus and “political uncertainty.”

Continue Reading Fed’s Beige Book Finds Coronavirus and Election Fears Spreading Through Economy
Posted in coronavirus Economy Federal Reserve health National Security WHO

World Health Organization: ‘Fear and Panic’ over Coronavirus ‘Dangerous’; ‘Calm Down’

World Health Organization director Tedros Adhanom Ghebreyesus said Monday that the “stigma” surrounding coronavirus was “more dangerous” than the illness itself, and advised people to…

Continue Reading World Health Organization: ‘Fear and Panic’ over Coronavirus ‘Dangerous’; ‘Calm Down’
Posted in coronavirus Economy Federal Reserve health

Fed Announces Emergency Rate Cut to Fight Coronavirus Economic Risks

“The virus and the measures being taken to contain it will surely weigh on economic activity both here and abroad for some time,” Jerome Powell…

Continue Reading Fed Announces Emergency Rate Cut to Fight Coronavirus Economic Risks
Posted in coronavirus Economy fed Federal Reserve health Jerome Powell

Fed Chair Jerome Powell Announces Fed Will Act as Appropriate to Stem Coronavirus Damage to Economy

In a rare unscheduled statement, Fed chair Powell sent a signal to financial markets that the Fed is taking the coronavirus threat seriously.

Continue Reading Fed Chair Jerome Powell Announces Fed Will Act as Appropriate to Stem Coronavirus Damage to Economy
Posted in Asia China coronavirus Economy Federal Reserve FOMC health Jerome Powell Wuhan virus

Fed Chair Powell Says Economic Effects of Coronavirus Are ‘Very Uncertain’

Powell added that the Fed is “very carefully monitoring the situation.”

Continue Reading Fed Chair Powell Says Economic Effects of Coronavirus Are ‘Very Uncertain’
Posted in death Economics fed funds rate Federal Reserve Finance Inflation interest rates monetary policy obit obituary Paul Volcker QE Quantitative Easing Wall Street

How Paul Volcker Put The Country Above Himself And Wall Street

There’s a sense that the bureaucrats who command the federal leviathan work for themselves, not for the country at large. That wasn’t true of Paul…

Continue Reading How Paul Volcker Put The Country Above Himself And Wall Street
Posted in Economy Federal Reserve NY Fed Repo Madness repo market

Repo Madness: Overnight Operations Jump to $150 Billion on New Year’s Eve

The New York Fed is getting ready for a possible liquidity crunch at the end of the year.

Continue Reading Repo Madness: Overnight Operations Jump to $150 Billion on New Year’s Eve
Posted in durable goods Economy factories Federal Reserve manufacturing trade

Durable Goods Factory Orders Up Sharply, Business Investment Surges Higher

Business investment rebounded, easing fears that the manufacturing sector would continue to slowdown into year end.

Continue Reading Durable Goods Factory Orders Up Sharply, Business Investment Surges Higher