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News — FED

Lessons and Reactions From The Federal Reserve’s June Policy Statement

Posted by Metals Corporate on

By John McDonald  On June 19, 2019, the United States Federal Reserve Board of Governors released a policy statement based on the recent meeting of the Federal Open Market Committee. Market reaction was swift and substantial. Nearly immediately, the yield on the 10-year Treasury Note fell below 2% since November of 2016. CNBC describes 2% as “a key psychological level”, though such language is, at best, nebulous. Regardless of the “psychological significance” of the fact that the 10-year note dropped below 2%, substantial downside moves in that key interest rate can absolutely have a serious impact on everyday financial issues...

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Presidential Criticism of European Central Bank President Raises Fear of Currency Wars

Posted by Metals Corporate on

By John McDonald Despite suggesting earlier this summer that European Central Bank President Mario Draghi would be better in charge of the Federal Reserve than sitting chairman, Jerome Powell, President Trump has recently criticized Draghi for aggressive monetary tightening in Europe.  Draghi had signaled that the ECB could lower interest rates as early as July while speaking at a central-banking forum in Portugal. The euro responded by plummeting in value while global equity markets reacted positively to the news that the ECB might restart its bond-buying program to support the Eurozone economy. President Trump’s issue with Draghi’s policies came in...

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Why Is It So Hard For Banks To Pay Retirees Interest?

Posted by Evan Garcia on

Did you know Taxpayers lose $36 billion annually to allow private banks to keep their excess cash at the Federal Reserve?

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The Dow has lost 2,245 points, or 8.4%, in 21 days (Morgan Stanley says it's just the beginning)

Posted by Brock Bowers on

Morgan Stanley has a pessimistic view, seeing yet more declines ahead. 

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Trump Says Fed ‘Has Gone Crazy’ Stock Market Bloodbath

Posted by Brock Bowers on

“I really disagree with what the FED is doing,” Trump said.

 

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