Federal Reserve's Thunder and no Rain Weighs on Dollar north The decision to standpat on a 9-3 vote at the FOMC yesterday looked like a hawkish hold but it seemed like the more Chair Warsh affirmed the central bank’s commitment to achieving the inflation target, the more short-term interest rates and the dollar fell. The expected year-end effective Fed [...]
Hump Day: War and the FOMC north New hostilities in the Middle East have lifted oil prices for the first time in four sessions and is snapping the three-day decline in European and US bond yields. The US dollar is mostly narrowly mixed against the G10 currencies. Softer than expected CPI has reduced the perceived chances the [...]
Ethereum Foundation Board Update north We are pleased to share that pcaversaccio (pc) has joined the Ethereum Foundation Board. pc is a long time contributor to the Ethereum ecosystem, a co-founder and lead of SEAL 911, and has been a member of the EF's Silviculture Society, which provides informal counsel to EF aimed at...
Pause in Middle East Hostilities Spark Stock and Bond Market Rally north There is one major driver in the capital markets today: A sharp drop in oil prices as the US and Iran have inexplicably not attacked for the past three nights. There is speculation in the press that the US decision was partly motivated by concerns over diminishing supplies of air defenses [...]