The most transparent Federal Reserve in memory has now taken the step of becoming cagey about the direction of monetary policy. The Fed Open Market Committee (FOMC), in its latest…
Continue Reading »
Posted in U.S. Policy & Politics
Tagged bonds, equities, Fed, Federal Reserve, fiscal policy, FOMC, risk
There’s more to this market than just easy money. People imagine that the only reason the stock market is going up is because of extraordinary policy accommodations by the Federal…
Continue Reading »
Posted in Investing
Tagged Fed, stock market, stocks, Treasuries, U.S. Treasury
The Federal Reserve’s balance sheet has more than tripled, to more than $3 trillion, since the 2008 global financial crisis as a result of large scale asset purchases — quantitative…
Continue Reading »
Posted in Investing
Tagged equities, Fed, Federal Reserve, OppChart, U.S. economy
What gives? Does the market reaction to sequestration—or apparent lack thereof—give the lie to all the doomsaying in government, media and Wall Street circles over sequestration? Not necessarily. Before answering…
Continue Reading »
Posted in U.S. Policy & Politics
Tagged CBO, Congress, cuts, Fed, fiscal cliff, sequester, Sequestration, Simpson-Bowles
Major government policy processes, including the ongoing debate over the nation’s finances, resemble icebergs. The things we see on the surface—the congenial handshakes, hard-edged rhetoric and leaks to favored journalists—mask…
Continue Reading »
Posted in U.S. Policy & Politics
Tagged Fed, fiscal cliff, fiscal policy, taxes