Commentary Investors betting on higher inflation and a weaker dollar are about to be very wrong. Money poured into risk assets on the assumption that the Federal Reserve is printing money through its quantitative easing program, which couldn’t be further from the truth. The dollar is about to shoot higher, and investors are completely unprepared…
The Truth About Taper
Commentary On Nov. 3, the Federal Open Market Committee indicated the economy had met the committee’s targets to begin reducing the pace of its U.S. Treasury and mortgage-backed security purchases by $15 billion per month. While history has shown that Treasury yields fall while the Fed is engaged in a balance sheet taper, the market…
Taper Tantrum
Commentary On Sept. 22, Federal Reserve Chair Jerome Powell suggested during the Federal Open Market Committee (FOMC) press conference that the FOMC board was very close to tapering its purchases of Treasury and mortgage-backed securities. Initially, bond prices rallied on the news, then were slammed lower over the following two days as investors changed their…
US News
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