9 July, 2014 by The TZ Newswire Staff Comments Off on Fed advances discussion on exit strategy: FOMC minutes
Fed advances discussion on exit strategy: FOMC minutes
The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, appearing near agreement on a three-pronged strategy to manage interest rates in the future, according to minutes of the last Fed policy meeting. The minutes from the June 17-18 meeting indicate the Fed envisions using its overnight repurchase agreements in tandem with the interest it pays banks on excess reserves to set a ceiling and floor for its target interest rate.
9 July, 2014 by The TZ Newswire Staff Comments Off on Bonds & Stocks Surge Despite Fed Warning Over Complacency
Bonds & Stocks Surge Despite Fed Warning Over Complacency
As usual the initial knee-jerk reaction (in this case lower in stock prices and higher in bond yields) has been faded rapidly and despite Fed warnings over investor complacency (and real economic uncertainty not being priced in), investors are buying bonds and stocks with both hands and feet (for now)… Gold is higher as the USD drops.
9 July, 2014 by The TZ Newswire Staff Comments Off on Jon Hilsenrath’s 555 Word FOMC "QE Is Dead, Long Live The Easy Policy" Summary
Jon Hilsenrath’s 555 Word FOMC "QE Is Dead, Long Live The Easy Policy" Summary
1 minutes, 555 words, and Fed-whisperer Jon Hilsenrath declares that based on the FOMC minutes, QE is dead and now the uncertainty is all about rate-hike timing. Crucially, given the Fed’s concerns over complacency, Hilsenrath explains, “while they don’t expect rates to get very high because of lingering headwinds to the economy, they also don’t want to give the public too much comfort that they’ll remain near historically low levels far into the future.”
9 July, 2014 by The TZ Newswire Staff Comments Off on FOMC Minutes Show Fed Fears Investors Are Too Complacent; QE To End In October
FOMC Minutes Show Fed Fears Investors Are Too Complacent; QE To End In October
Having continued to taper, expressed no fear of inflation, and been nothing but confident that Q1 was nothing-but-weather at the press conference, the FOMC Minutes:
9 July, 2014 by The TZ Newswire Staff Comments Off on TECHNOLOGY: Charles River Unveils Wealth Hub for Managed Accounts
TECHNOLOGY: Charles River Unveils Wealth Hub for Managed Accounts
Charles River, traditionally a provider of trade management systems, announced its Wealth Hub system that will automate asset manager to sponsor communications, thus speeding up the trade consolidation function and securely distribute account and model updates to sponsors in a single mouse click.
9 July, 2014 by The TZ Newswire Staff Comments Off on Muni Fund Collapses To Record Lows As Puerto Rico Risk Rises
Muni Fund Collapses To Record Lows As Puerto Rico Risk Rises
Quietly behind the scenes and away from the exuberant stock market trading headlines of the mainstream media, Muni bond markets are in turmoil. Thanks to the ‘shenanigans’ in Puerto Rico – after lawmakers last month approved a bill allowing some public corporations to restructure debt – PR bonds have collapsed to record lows (and dragged a number of large Muni funds with them).
As Bloomberg’s Michelle Kaske reports,
9 July, 2014 by The TZ Newswire Staff Comments Off on Market Awaits Fed Minutes; Facebook Finds Support
Market Awaits Fed Minutes; Facebook Finds Support
The stock market remained quietly in positive territory Wednesday, cheered by Alcoa’s (AA) earnings while awaiting release of the minutes from the Federal Reserve’s June 17-18 meeting. The minutes, set for release at 2 p.m. ET, may provide clues on when the Fed plans to hike interest rates for the first time since 2006. The Nasdaq gained 0.4% and the S&P 500 and Dow Jones industrial average were up 0.2% each.