Gloria ai Bastardi - Cap. 1

[Dogtown]

FED: Yellen said FOMC minutes are accurate, show discussion, that's why Apr mins showed FOMC discussed June. Statement gave no calendar signal, but points to econ analysis like no obvious reason for econ to have slowed. Somewhat surprised with mkt interpretation.

 

[Dogtown]

FED: Yellen said min wage hikes will add to wage gains, is consistent with tighter/healthy labor mkt.

 

[Dogtown]

FED: Yellen said on helicopter money - normal times separate mon and fiscal policies. CB independence helps price stability. In extreme circumstances might need coordination, but it's abnormal-unusual.

 

[Dogtown]

FED: Yellen said world outlook, rates influence Fed policy stance.

 

[Dogtown]

FED: Yellen said policy differentials spill into fx rates, stronger $ can hurt US growth.

 

[Dogtown]

FED: Yellen said fx not a constraint on Fed policy - domestic growth, infl are more important.

 

[Dogtown]

FED: Yellen said watches oil closely. Takes falling oil to lower infl but once stabilizes impact dissipates.

 

[Rothschild]

Questa volta è andata così ma le prossime taglierà !

 

[Dogtown]

FRB: Press Release--Federal Reserve issues FOMC statement--June 15, 2016

 

[Dogtown]

Questa volta è andata così ma le prossime taglierà !

...e anche un QE4 entro Natale