Sevens Report 11.13.13
Sevens Report 11.13.13
Author Archive for: Tom 2
Entries by Tom 2
Sevens Report 11.12.13
Sevens Report 11.12.13
The Economy: A Look Back and What’s Ahead
Economic data last week were stronger than their relatively low expectations, as concerns about the negative effects of the government shutdown had resulted in pretty low expectations for most of October’s economic releases.
Sevens Report 11.11.13
Sevens Report 11.11.13
Three Reasons the Fed Won’t Taper QE in December (Despite Today’s Jobs Report)
This morning’s jobs report was certainly a positive surprise, but despite the fact that the bond market is getting hit hard, I’m not entirely sure that this report pulls forward any Fed tapering from the current March expectations.
Sevens Report 11.8.13
Sevens Report 11.8.13
Sevens Report 11.7.13
Sevens Report 11.7.13
Sevens Report 11.6.13
Sevens Report 11.6.13
Sevens Report 11.5.13
Sevens Report 11.5.13
The Economy: A Look Back and What’s Ahead
The most important thing that happened last week economically was that expectations for Fed tapering of QE were pulled forward a bit—from the previous “consensus” of mid-2014 to the early part of 2014— thanks mainly to an FOMC statement that wasn’t as “dovish” as expected plus a Jon Hilsenrath sentence that stated a December taper remains “on the table.” Interestingly, this change in expectation came despite decidedly mixed economic data.