Crypto is cooking today with bitcoin having its best day in four weeks. Bitcoin appears to have broken the recent downtrend and shaken off some […]
Fed’s Cook: Path of disinflation has been bumpy and uneven, as expectedFed’s Cook: Path of disinflation has been bumpy and uneven, as expected
Careful approach to easing policy over time can ensure inflation returns sustainably to 2% while striving to maintain a strong labor marketEmployment and inflation goals […]
Dallas Fed manufacturing index -14.4 vs -11.3 priorDallas Fed manufacturing index -14.4 vs -11.3 prior
Prior was -11.3Output index -4.1 vs +1.0 prior Comments in the report: Food manufacturing Will the consumer continue to spend enough to promote growth? This […]
Russia tells oil companies to cut output to meet OPEC+ targetRussia tells oil companies to cut output to meet OPEC+ target
Russia isn’t bluffing. Reuters reports that Russia’s government has ordered companies to reduce oil output in the second quarter to ensure they meet a production […]
Fed’s Cook Q&A: We’ll only know if neutral rate is higher after-the-factFed’s Cook Q&A: We’ll only know if neutral rate is higher after-the-fact
Not sure if neutral rate is higher or not That’s the right answer. There are so many people forgetting that the US is running a […]
Fed’s Goolsbee expects three rate cuts this yearFed’s Goolsbee expects three rate cuts this year
Asked if June is on the table, said everything is on the table but depends on dataWe are in historic restrictive territoryLatest reports do not […]
US new home sales data coming up nextUS new home sales data coming up next
New home sales are coming up next and the consensus is pegged at 0.675m in a bump from 0.661m. The Fed’s Goolsbee admitted some uncertainty […]
US February new home sales 662K vs 675K expectedUS February new home sales 662K vs 675K expected
Prior was 661K (revised to 664K)Sales down 0.3% vs +1.5% priorSupply at months 8.4 vs 8.3 months priorMedian sale price $400.5K vs $420.7K last month […]
Gold Price Correction Forms a Bullish Flag, Eying $2,200Gold Price Correction Forms a Bullish Flag, Eying $2,200
The bias remains bullish despite the current sell-off. Taking out the downtrend line activates a new bullish movement. The US data could bring some action […]
US February national activity index +0.05 vs -0.30 priorUS February national activity index +0.05 vs -0.30 prior
Prior was -0.30 (revised to -0.54)All four broad categories of indicators used to construct the index increased from January Forty-six of the 85 individual indicators […]