Yellen’s Humphrey-Hawkins Testimony Paves Road for Hikes

On Tuesday, Fed Chair Janet Yellen’s Humphrey-Hawkins testimony the House were characteristically non-committal about the initial “lift off” date for what most agree is the eventual first hike in interest rates in years. Clearly, Fed Chair Yellen’s Humphrey-Hawkins comments were taken as “dovish” by the market, as both stocks and bonds rallied shortly after the[…]

Gold Prices Volatile, Copper Prices Shine

As was the case with most of the financial markets Wednesday, commodities’ traders were largely focused on the release of the FOMC minutes. The general reading on the back and forth inside the Fed was rather “dovish,” primarily because FOMC officials seemed particularly focused on wanting to make sure the economic recovery was truly “sticking”[…]

Stock Market Today: ‘Patient’ or ‘NAIRU’ by the Fed?

In Tuesday’s Stock Market Today post, we broadly covered that the FOMC minutes released today will be examined for signs of when the Fed may first hike interest rates. To that end, the hawks will be looking for extensive mention of the term “patient,” while the doves will be looking for a discussion regarding, “NAIRU.”[…]

Stock Market Today: Another Bank Rolls Out QE

As we mentioned in Thursday’s Stock Market Today post, the primary overhang in the financial markets today is the still-unknown status of the Greek debt deal with the EU. In fact, the outcome of a Greek deal, along with the noise yesterday regarding a potential ceasefire deal between Russia and Ukraine, largely overshadowed what is[…]