Last night : (hence softer reaction in equity mkts, at a time when the TrumpTrade is has run a pretty decent way already) Chair Powell's prepared text was hawkish, concluding with "The economy is not sending any signals that we need to be in a hurry to lower rates. The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully."
#EURJPY getting into levels worth selling again, if you expect ECB to cut more than expected in Dec, and BoJ still talking about raising rates
The S&P 500 risk premium (forward earnings yield minus the 10-year Treasury yield) has turned negative for the first time since 2002, indicating frothy valuations in the US stock market
US FTC plans to investigate Microsoft's cloud business
BoE chief warns of Brexit consequences as he calls for UK to rebuild EU relations
The US monetary gold is owned by the Treasury, not the Fed - the Fed transferred the gold to the Treasury in 1934 in exchange for certificates denominated in dollars
Japan’s Economy Slows But Central Bank Still Likely to Raise Rates
Comments