Strong US employment data for the month of July, has given the Federal Reserve a greater reason to continue on its path of tighter monetary policy. Nonfarm payrolls increased by 209,000 jobs in July beating market expectations of an 180,000 jobs…
After being wrought with scandal for too many years now, the U.K. Financial Conduct Authority that regulates LIBOR finally announced last week the phase out of the index by the end of 2021. LIBOR which stands for the London interbank offered rate…
Politics is in the air. The increased scrutiny surrounding President Trumps’ business transactions, the 2016 campaign and alleged ties to Russia have caused some practitioners to believe that Trump’s economic agenda may be placed on the back burner. This belief…
Federal Reserve Chairwoman’s relatively upbeat testimony earlier in the week seemed to indicate that the Fed will remain on course in hiking interest rates and slowly shrink its balance sheet in the fall. Yellen remained positive on economic prospects including…
Strong payrolls data for June, beating market expectations, caused stock markets to rebound and Treasury yields to edge higher last week. Employment rose 222k vs market expectations of 178k in June, bolstering confidence amongst investors. U.S. treasury yields climbed with…
In one of the largest global risk events, a majority of citizens in the United Kingdom voted to leave the European Union, taking the market by surprise. Traditional safe havens such as US Treasuries and Japanese Government Bonds were Bid.…
The much-anticipated testimony by former FBI Director James Comey, presented insight with his discussions with President Trump, although nothing that spooked the markets in any extreme direction. Overseas, England’s Prime Minster Theresa May’s Conservative Party lost its majority in parliament.…
At a live press conference today at The World Affairs Council of Philadelphia, FOMC Chair Janet Yellen provided her thoughts on US monetary policy and the path of interest rates. In summary, Yellen remains cautiously optimistic and believes that the…
Jobs data for the month of May released last Friday offered mixed signals to the economy giving way to falling U.S. Treasuries yields and inversely the S&P 500 reaching new highs. The decline in the official unemployment rate to 4.3%,…
