Federal Reserve Raised Rates by 25bps; Sees Three Hikes Per Year in 2017 and 2018
As was widely expected the Federal Open Market Committee raised the range for the fed funds rate to 0.75%–1.0% from 0.50%–0.75%. The language of...
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Yellen's Framework and Balance of Risks Point to Four Hikes This Year and Higher Yields
Fed Chair Yellen may have sounded soothing two weeks ago. However, the framework she outlined is consistent with one more hike in the FOMC...
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U.S. Jobs Report Locks in Fed Rate Hike Next Week
U.S. nonfarm payrolls rose 235,000 in February—higher than expectations—with private payrolls up 227,000. The unemployment rate ticked lower to...
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From 20,000 Feet, NZD Looks Set to Free-Fall This Year, Without a Parachute
The NZD/USD appears to have broken out of rising trend in place since mid-2015, and now developing a declining trend. Its fall in the last week or...
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March Transition
US equities are flirting with a topping sequence if key sectors fail to hold gains. Tech is the underperform short hedge. Transports having trouble...
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