The Traderszone Network

The market shouldn’t rule out the possibility the Fed will hike rates again this year, New York Fed President Dudley said Monday.

He is still going!
So far:
Now he is speaking on a panel. Someone is getting his money’s worth today!
– Global recovery since crisis has been disappointing
– US economy being held back by slower global growth

Headlines via Bloomberg

The Taliban claimed responsibility for a truck bomb attack on a military and logistics services compound in Kabul early on Monday.

Hamada is a economic adviser to Japanese PM Abe
– Reiterates opposition to helicopter money
– Favours recognizing defacto debt monetization
– Favours Japan proclaiming a debt monetization policy
Headlines via Bloomberg

Speech from Dudley earlier:
Should be cautious in raising rates, flatter path appropriate
And then there was more
And now, more still:
– Fed is apolitical, elections don’t matter to policy
more to come

The long-term trend Shorter-term aspects The stock market’s view Several weeks ago I suggested that commodity prices were likely to experience a correction of some kind. I also felt that any digestive process might well take the form of the right shoulder of an inverse head and shoulders pattern that seemed to be developing for most commodity indicators. Well, we have seen a bit of a correction…

Speech from Dudley earlier:Should be cautious in raising rates, flatter path appropriate
In a Q&A now:
– Financial market conditions matter for setting policy
(Headlines via Bloomberg)