FOMC Minutes The FOMC minutes didn’t contain many surprises, but on balance they did confirm that the FOMC is more committed to normalizing policy than the market thought before the October meeting. Yesterday I focused on the difference between market-based and sentiment-based inflation expectations, and so too did the Fed in its minutes. The takeaway […]
Sevens Report 11.20.14NOW
Sevens Report 11.19.14RBR
Sevens Report 11.18.14GAG
Sevens Report Editor Tom Essaye discusses utilities on CNBC’s Closing Bell on Friday, November 14th 2014.
Sevens Report 11.17.14HBM
Sevens Report 11.14.14VQW
Atlanta Fed Business Inflation Expectations YOY Business Inflation Expectations increased to 2.0% from 1.9% in October Takeaway Around 10 AM yesterday, the Dollar Index rallied and bonds sold off (a typically “hawkish” reaction). The reason was a slight uptick in the little-followed Atlanta Fed Business Inflation Expectations Survey. What made the report “hawkish” wasn’t the […]
Sevens Report 11.13.14GDC
Sevens Report 11.12.14ABD