Are these experts payed for these wise remarks?
The manager turned first to a discussion of global financial markets. Sovereign yields rose sharply across many advanced economies with much of the increase concentrated in measures of inflation compensation. In the United States, the five-year measure of inflation compensation based on Treasury Inflation Protected Securities (TIPS) rose by around 45 basis points. Far forward measures of inflation compensation also rose, but by modest amounts. In the Open Market Desk’s surveys of primary dealers and market participants, the median forecast for headline PCE inflation in 2021 was revised up notably. Median forecasts ... (full story)
FOMC: "The staff continued to judge that the risks to the baseline— zerohedge (@zerohedge) November 24, 2021
projection for economic activity were skewed to the downside and that the risks around the inflation projection were skewed to the upside."
FED MINUTES: THE FED'S INFLATION OUTLOOK WAS REVISED UPWARD.— Breaking.Live (@FinancialJuice) November 24, 2021
FED MEMBERS AGREED THAT THE POST-MEETING STATEMENT WOULD NOTE THAT SUPPLY AND DEMAND IMBALANCES DUE TO THE PANDEMIC AND THE REOPENING OF THE ECONOMY HAVE CONTRIBUTED TO SIGNIFICANT PRICE HIKES IN SOME SECTORS.— Breaking.Live (@FinancialJuice) November 24, 2021
FED MINUTES: SEVERAL PARTICIPANTS EMPHASISED THAT IF INFLATION CONTINUED TO RUN HIGH, THE COMMITTEE SHOULD BE PREPARED TO MODIFY THE PACE OF ASSET PURCHASES AND RAISE THE TARGET RANGE FOR THE FEDERAL FUNDS RATE SOONER THAN EXPECTED.— Breaking.Live (@FinancialJuice) November 24, 2021
tweet at 1:55pm: US ENERGY DEPARTMENT: THE DELIVERY OF 32 MILLION BARRELS OF CRUDE OIL FROM THE SPR RELEASE WILL TAKE PLACE FROM JANUARY TO APRIL 2022, WITH EARLY DELIVERIES ACCEPTED IN LATE DECEMBER. tweet at 1:56pm: US ENERGY DEPARTMENT: IN THE CALENDAR YEARS 2022, 2023, AND 2024, THE EXCHANGED CRUDE OIL WILL BE RETURNED TO THE SPR. tweet at 1:56pm: US ENERGY DEPARTMENT: A SEPARATE SALE NOTICE FOR UP TO 18 MILLION BARRELS OF SPR CRUDE OIL WILL BE ISSUED NO LATER THAN DECEMBER 17TH, 2021.
So where are we left on balance after the morning’s data dump and ahead of the FOMC minutes at 2pmET? With a somewhat flatter Treasury yield curve as the two-year yield increased ...
Or more to go? Oil prices are on the rise again after a correction over the last month but how much support does it now have? It didn’t take long for oil to rebound after the US, ...
tweet at 2:03pm: FED MINUTES: SOME PARTICIPANTS STATED THAT SLOWING THE RATE OF NET ASSET PURCHASES BY MORE THAN $15 BILLION PER MONTH COULD BE JUSTIFIED IN ORDER FOR THE COMMITTEE TO BE IN A STRONGER POSITION TO ALTER THE FED FUNDS TARGET RANGE. tweet at 2:04pm: FED MINUTES: SOME PARTICIPANTS PREFERRED A SLIGHTLY FASTER PACE OF REDUCTIONS, RESULTING IN AN EARLIER CONCLUSION TO NET PURCHASES. tweet at 2:05pm: FED MINUTES: PARTICIPANTS NOTED THAT BEGINNING TO SLOW THE PACE OF NET ASSET PURCHASES WAS NOT INTENDED TO SEND A DIRECT SIGNAL ABOUT CHANGES TO THE FEDERAL FUNDS RATE TARGET RANGE. tweet at 2:06pm: FED MINUTES: SEVERAL PARTICIPANTS MENTIONED A VARIETY OF VARIABLES THAT THEY BELIEVE REFLECT POSSIBLE FINANCIAL SYSTEM VULNERABILITIES, SUCH AS RISING ASSET PRICES AND BANKS' INCREASED EXPOSURE TO NONBANK FINANCIAL FIRMS. tweet at 2:10pm: FED MINUTES: PARTICIPANTS BELIEVED THAT INFLATIONARY PRESSURES COULD TAKE LONGER TO SUBSIDE THAN THEY HAD PREVIOUSLY ESTIMATED.
tweet at 2:10pm: FOMC: "A NUMBER OF PARTICIPANTS DISCUSSED THE RISK THAT, IN LIGHT OF RECENT ELEVATED LEVELS OF INFLATION, THE PUBLIC’S LONGER-TERM EXPECTATIONS OF INFLATION MIGHT INCREASE TO A LEVEL ABOVE THAT CONSISTENT WITH THE COMMITTEE’S LONGER-RUN INFLATION OBJECTIVE" : tweet at 2:11pm: "A COUPLE OF PARTICIPANTS POINTED TO INCREASES IN SURVEY- AND MARKET-BASED INDICATORS OF EXPECTED INFLATION â€”INCLUDING THE NOTABLE RISE IN THE FIVE YEAR TIPS-BASED MEASURE OF INFLATION COMPENSATIONâ€”AS POSSIBLE SIGNS THAT INFLATION EXPECTATIONS WERE BECOMING LESS WELL ANCHORED" :
Soaring demand for electricity in Spain, where a cold snap is exacerbating an energy crunch, has pushed power company Endesa to restart a coal plant that has been idle since July ...