The good news is that Goldman Sachs (GS) believes that the "U.S. Federal Open Market Committee to cut interest rates to 3% by mid-2008, down from its earlier forecast of 4%," according to MarketWatch.…
Well, the beloved inflation rates aren’t yet going through the roof if you trust the FOMC and the closely watched CPI. The Fed gave a stable inflationary outlook for 2008, along with a slower…
Oil is not at $200. It trades just below $100, and there are some reasons it could drop. The economies in the US and Europe are probably slowing, which should bring down demand. China…
The FOMC gave its first of its quarterly outlooks for the years ahead: The FOMC now sees slower GDP growth, raised unemployment, and somewhat reduced inflation. Real GDP Growth expectations have been shaved to…
According to Reuters "a survey conducted by the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) found that 35 percent of U.S. adults surveyed plan to spend less during the…
GE (GE) is telling the US government that nuclear power facilities are not going to be built fast enough to help the country with its energy crisis, unless the Fed put some incentives on…
The $650 billion Abu Dhabi Investment Authority is planning to move more if its investment capital into emerging markets. Its management believes that countries like India and China have more growth potential than the…
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman (GS) in New York wrote in a…
The FOMC under Bernanke is now saying that it wants to increase its communication to the public and will increase its public forecasting from twice per year to four-times per year. This pertains to…
The term "perfect storm" is overused by writers who have no other way to describe a disaster. Leaving that aside, the news from the last day would appear to indicate that a recession is…
Forget mortgage problems. The Wall Street Journal says that corporate debt is running into more trouble. The paper says that "Fitch Ratings says downgrades of corporate bonds rose in the third quarter to $92.1…
The FOMC did trim both the Fed Funds Rate and the Discount Rate by 25 basis points each today. There was some dissention among the Fed Governors if you read through the statement. You…
The two major reasons given in the media for the Fed to cut rates tomorrow are that fact that the stock market wants them to and that it might help the housing market. At…
Bond seer Bill Gross of PIMCO issued his November outlook and is looking for the FOMC not to just need a rate cut this week. He believes that the FOMC will need to cut…
We do not have the final numbers in for today, but as of yesterday the 30-day FED FUND FUTURES contract wasn’t deciding IF the FOMC would cut rates. It showed a 100% chance of…