Monthly ArchivesSeptember 2016

August 2016 Update image

Market Scorecard   The month of August was relatively boring compared moments in the past few months.  The Fed's meeting at Jackson Hole culminated with Janet Yellen and Richard Fischer suggesting there could be one or two rate hikes coming before year end or shortly thereafter.  Just one week later, employment for the month of August rose by only 155,000, which missed estimates by a decent margin.  The hawkish tone from the Fed will most likely be switched yet again as we saw weak manufacturing and services data.  What you may not have heard about Jackson Hole is they held a session on negative nominal interest rates and brought in Marvin Goodfriend as the lead presenter.  He is a believer of ...

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