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  2. Aug 27

    central bank could begin to withdraw stimulus by year-end

  3. Aug 30

    "Investors will happily continue to give the benefit of the doubt; after all, his policy approach has paved the way for increasing financial wealth. , though, are more divided."

  4. Aug 30

    U.S. high yield spreads were ⬆️300 bps much of August until last week when they⬇️. By the end of 's comments Friday they were 294, may be the best Fed chair for credit markets ever. Lower quality CAA spreads still looking to be in an uptrend though 👀.

  5. Aug 27

    's comments indicate the will likely announce a reduction or tapering of those purchases sometime in the final three months of this year.

  6. Aug 27

    trading back above $1800 level after gaining $25 today (+1.40%) on the back of Chairman remarks hinting that tightening will be later than expected.

  7. Aug 27

    The base case for today is - On track to "substantial progress", but Delta is a risk to the outlook. This implies taper starts sometime in Dec/Jan. Any more hawkish commentary would mean that 94.50 for will come sooner, otherwise slow grind higher on the cards..

  8. Aug 26

    A way to put policy into perspective is through using a 5 speed gear stick. We have been in 5th gear since the pandemic. The likely shifts into 4th into '22, 3rd in '23, 2nd in '24. Slow downshifting ok, fast downshifting not so good. 🏎️ 🚗

  9. Aug 27
  10. Aug 26

    Slight increases in the implied volatility of options expiring tomorrow, mostly on the tail ends (Out of the money options) as you'd expect given the fear of an extreme reaction to at Jackson Hole

  11. Aug 27

    : The rapid reopening of the economy has brought a sharp run-up in inflation.

  12. Aug 27

    : We would be concerned at signs that inflationary pressures were spreading more broadly through the economy.

  13. Aug 27

    : Total employment is now 6 million below its February 2020 level, and 5 million of that shortfall is in the still-depressed service sector

  14. Aug 27

    FED'S POWELL: FOR NOW, 'POLICY IS WELL POSITIONED,' AND PREPARED TO ADJUST IT AS NECESSARY; TO LEARN MORE ABOUT EFFECT OF DELTA VARIANT; TIGHTENING PREMATURELY 'COULD BE PARTICULARLY HARMFUL;' EXTENDED HIGH UNEMPLOYMENT 'CAN MEAN LASTING HARM TO WORKERS'

  15. Aug 27

    🔻U.S. FALLS AFTER SAYS RISING TO BE TRANSITORY, PROVIDES NO TAPERING TIMELINE

  16. Aug 30

    Summing up Chairman 's speech from last Friday...

  17. Aug 27

    : the baseline outlook is for continued progress toward maximum employment, with inflation returning to levels consistent with our goal of inflation averaging 2 percent over time.

  18. Aug 27

    Close your eyes and buy stocks!

  19. 22 hours ago
    Replying to

    IF needed, Congress should act. But thinking this is just political maneuvering to loosen 's pockets.

  20. 8 hours ago

    Powell noted that although Treasury and mortgage backed securities tapering could begin before 2022, rate hikes still are not on the table anytime soon- the lack of details around specific taper timing is a result of the Delta variant

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