14 December, 2016 by The TZ Newswire Staff Comments Off on The Decline & Fall Of Fed Credibility (In 1 Simple Chart)
The Decline & Fall Of Fed Credibility (In 1 Simple Chart)
With The Fed expected to raise interest rates in a few minutes, (and likely jawbone about how the path to normalization is now progressing well), we thought it worth a reminder that FOMC officials’ quarterly interest-rate projections have gone nowhere but down since the last time they were marked up in September 2014.
As the infamous ‘dot plot’ reveals, Fed forecasts of rates for 2017 have fallen in line with the market’s perceived credibility of the failing institution…
14 December, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: How to help your child with their student loans without making them lazy and entitled
The Wall Street Journal: How to help your child with their student loans without making them lazy and entitled
There are ways to give financial assistance, while still holding the young adult accountable.
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14 December, 2016 by The TZ Newswire Staff Comments Off on Wildenstein heir chops $10M off price of Sutton Square mansion
Wildenstein heir chops $10M off price of Sutton Square mansion
Scandal-plagued billionaire Guy Wildenstein, who is awaiting a judge’s decision in a vast tax fraud scheme in France, appears to be getting desperate to sell his Sutton Square mansion. The 70-year-old heir to the Wildenstein art fortune has chopped $10 million off the asking price for his double-wide townhouse at 7 Sutton Square, which is now asking $39 million, down from $48.5 million.
14 December, 2016 by The TZ Newswire Staff Comments Off on 3 Stocks With Better Dividends Than Wynn Resorts, Limited
3 Stocks With Better Dividends Than Wynn Resorts, Limited
Wynn Resorts, Limited (NASDAQ: WYNN) was one of the early dividend paying companies in gaming, but of late it’s become a lot less attractive of a dividend play. Two years of declining revenue in Macau forced management to cut the dividend 75% to the current $2 per share annually. And with a $9.4 billion debt load and the $1.9 billion to $2.1 billion Wynn Boston Harbor under construction it’s hard to see how the dividend will go up in the near future.
14 December, 2016 by The TZ Newswire Staff Comments Off on "Less Room To Run" – What Wall Street Is Paying Attention To In Today’s Fed Statement
"Less Room To Run" – What Wall Street Is Paying Attention To In Today’s Fed Statement
When it comes to today’s FOMC decision, there is little speculation: a 25 bps rate hike, the first in 2016 and only the second since the financial crisis, is now effectively assured: all 103 Bloomberg-surveyed economists expect a 25bp increase. The market agrees, and as shown in the chart below, implied rate hike odds are at 100%, with some even speculating that the Fed may hike by 50 bps.
14 December, 2016 by The TZ Newswire Staff Comments Off on Capitol Report: Trump team may change daily White House briefing
Capitol Report: Trump team may change daily White House briefing
President-elect Donald Trump’s incoming White House chief of staff said the new administration is looking at ways to change how to communicate with the press and the public, and that even the daily White House briefing is being examined.
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14 December, 2016 by The TZ Newswire Staff Comments Off on Cheat sheet: Six quick things to watch in the FOMC decision
Cheat sheet: Six quick things to watch in the FOMC decision
The last-minute guide to the FOMC decision
1) Watch the clock
The FOMC decision is out at 2 pm ET (1900 GMT). At the same time, the Fed releases the dot plot and its new round of economic projections. Roughly 30 minutes later, Janet Yellen hosts a press conference.