Australia’s central bank looks neither hawk nor dove. It seems more of a shag on a rock in a sea of interest rate cuts.
However, Fed Chair Jerome Powell is forcing us to change them now, to 50/30/20. In his August 23 Jackson Hole speech, he signaled that he was pivoting from an inflation hawk to an employment dove.
So earnings should continue to justify rational exuberance. The problem is valuation. Warren Buffett has been raising cash probably because his Buffett Ratio (measured as the S&P 500's price index to ...
At his presser on Wednesday, Powell delivered the stock market to the Promised Land, where "strength in the labor market can be maintained in a context of moderate growth and inflation moving ...
Technical overview holds as ‘bull average’ in both weekly and daily time frames, while in sentiment CoT speculators and IG ...
For the first time since 2005, one FOMC member, governor Michele Bowman, dissented, voting instead for a 25bp cut.
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Traders see 35% chance of Oct ECB rate cut vs 30% before Fed Data scarcity over coming month makes Dec cut more likely ECB needs to see easing wage, service cost pressures Policy doves fear ECB is ...
While the Fed's apparent rush lends some support to arguments that the ... for policymakers to preempt their own projections with a rate cut. Still, policy doves, mostly from southern Europe, keep ...
While the Fed's apparent rush lends some support to arguments ... preempt their own projections with a rate cut. Still, policy doves, mostly from southern Europe, keep making the case for quicker ...