More in Federal Reserve
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Industrial Production Shows No Increase In May
The U.S. Federal Reserve reports that industrial production was unchanged in May after having decreased 0.4% in April. The index level is now at 98.7% of its 2007 average, and...
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Student Loan Surge Continues To Lead Consumer Credit
The U.S. Federal Reserve reports that total consumer credit outstanding increased at a seasonally adjusted annual rate of 4.7% in April. This follows a 3.6% SAAR in March and a...
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ISM Manufacturing Moves To Contractionary Reading of 49.0 In May
The Institute for Supply Management reports that the headline PMI figure from its ISM manufacturing report on business was a reading of 49.0 in May. This is a decrease from...
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Grading Central Banks’ Effectiveness
It’s of course impossible to grade a central banks’ actions by market response because we can never know how the markets would look in the absence of central bank activity,...
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Dallas Fed Manufacturing Improves But Remains In Contraction At -10.5
The Dallas Fed reports that the general business activity index of its Dallas Fed manufacturing survey was a reading of -10.5 in May. This is an improvement from the -15.6...
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Richmond Fed Manufacturing Improves But Remains In Contraction At -2
The Richmond Fed reports that the general business activity index of its Richmond Fed manufacturing survey was a reading of -2 in May. This is an improvement from the -6...
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KC Fed Manufacturing Index Moves Into Expansion For First Time In 8 Months
The Kansas City Federal Reserve reports that the composite index of its Kansas City Fed manufacturing survey is a reading of +2 in May. This is an improvement from April’s reading of...
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Philly Fed Manufacturing Reading Of -5.2 Leaves All Surveys Negative
The Philly Fed reports that the general business activity index of its Philly Fed manufacturing survey was a reading of -5.2 in May. This is a decline from April’s reading...
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Nikkei And Japan GDP Soaring With More QE
This one year chart of the Nikkei 225 index in Japan shows nice gains since the rumors and subsequent official announcement of gigantic monetary stimulus. In April, Abenomics kicked off...
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Industrial Production Falls In April
The U.S. Federal Reserve reports that industrial production declined 0.5% in April after having increased 0.3% in March. The total index moved to 98.7 from 99.3 last month. The rate...
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Empire State Manufacturing Enters Contraction In May At -1.43
The New York Fed reports that the general business conditions index of its empire state manufacturing survey decreased in May to a reading of -1.43 from +3.05 in April. This is...
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The FOMC Hawk-Dove Spectrum
Janet Yellen has emerged as the favorite to succeed Ben Bernanke when his term ends as chair of the Federal Reserve. BAML believes Yellen to be moderately dovish in 2...
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Uncle Sam Runs A VC Firm
That’s right! According to the latest issue of Fortune, the CIA has a secret investment arm called In-Q-Tel created to sniff out new technology startups. And you thought only the...
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Consumer Credit Gains Show Slowing In March
The U.S. Federal Reserve reports that consumer credit increased at a seasonally adjusted annual rate of +3.4% in March. Revolving credit was at a SAAR of -2.4% during the month,...
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The Anatomy Of The US Bond Market
It’s no secret that ownership of U.S. government bonds has been shifting to foreign entities, because, you know, somebody has to buy them. As of Q4 2012, foreign ownership of...
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Reuters Publishes George Soros Obituary A Bit Prematurely
This media oops is one of the less common: publishing an obituary for someone still living. Legendary investor George Soros is still very much alive, but Reuters just couldn’t wait...
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Industrial Production +0.4% In March
The Federal Reserve reports that industrial production increased +0.4% in March bringing the total index to a reading of 99.5. The Fed made it’s annual revisions in March, so the...
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Monetary Policy And Central Bank Balance Sheets
The International Monetary Fund has a new report on central bank policies since the global economic crisis and what risks they carry to financial stability. The paper contains many goodies,...
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Student And Auto Loans Send Consumer Credit Surging In February
The U.S. Federal Reserve reported yesterday that consumer credit increased at a seasonally adjusted annual rate of +7.75% in February. Revolving credit increased at a SAAR of +0.75%, while nonrevolving...
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Lessons Learned From The Cyprus Fiasco
Steven Englander, an FX specialist at Citi, provides an interesting list (via FTAlphaville) of lessons that eurozone countries learned this weekend from the Cyrpus disaster. This set of ideas will...
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Industrial Production Increases 0.7% In February
The Federal Reserve reports that industrial production increased 0.7% in February as the total index increased to 99.5 from 98.8 in January. This month’s increase follows a 0.1% gain in...
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Consumer Stills Shying Away From Credit Cards As Student Loans Soar
The Federal Reserve reports that outstanding consumer credit increased at a seasonally adjusted annual rate of 7.0% in January. Revolving credit was relatively unchanged, increasing 0.1% to a seasonally adjusted $850.9...
