Tag: nov 9 2021

Go back to the Trump years, when the word on The Street, nearly every time stock prices moved lower, they would blame it on the “Trade War,” which we kept noting had zero to do with the market moves because it was all talk and no action.  Bingo! The U.S. trade deficit reached $80.9 billion...

The U.S. unemployment rate dropped to 4.6 percent in October as the economy added 604,000 new private-sector jobs, bringing the net monthly gain to 531,000, far beyond analysts’ expectations. The two previous months’ totals were revised upward, adding another 235,000 net new jobs. The unemployment rate has dropped from 5.9 percent to 4.6 in five...

Bond traders largely had accepted central banks’ assurances that high inflation is “temporary” or “transitory” and bought and sold bonds at prices and yields reflecting that view. However, with this autumn’s spike in energy prices, combined with unrelieved supply-line clogs, bond markets are setting yields higher in the expectation the U.S. Federal Reserve will be...

The U.S. Federal Reserve has announced plans to begin closing down its program, begun in March 2020, of buying $80 billion a month in U.S. bonds and $40 billion in mortgage bonds, the Fed’s Open Market Committee announced last week. The Fed will cut purchases by $15 billion in each of November and December, the...