Sheraz Mian's picture

The spotlight is on the Fed today, with market participants expecting today’s Fed statement, economic projections and Chairwoman Janet Yellen’s press conference to provide clarity for interest rate policy going forward.

Doug Short's picture

Today's month-over-month increase of 0.09 percent (to two decimal places) follows a downwardly revised -0.38 percent in January. Today's headline number came in below the consensus expectations, which ranged from...

Marc Chandler's picture

The Federal Reserve meeting is the highlight of the week. The most pressing issue is the continued evolution of its forward guidance that will maximize the room to maneuver. Until now officials have indicated that...

Urban Carmel's picture

Question: What do the following have in common: falling inflation, soaring bond prices, disastrous corporate earnings, plunging retail sales and "the worst U.S. macro relative to expectations since 2009"?

Michael Shedlock's picture

If economists were right, wage growth and inflation would be soaring. After all, the Phillips Curve states that decreased unemployment in an economy will correlate with higher rates of inflation [and higher wage growth].

Urban Carmel's picture

Attention is gravitating to the Dollar, and for good reason. In the past year, the Dollar index is up 25%. Since 1980, the Dollar has only risen that quickly in one year once before: the period leading to February 1985.

Puru Saxena's picture

After several years, the Federal Reserve has passed the QE baton to the European Central Bank (ECB) and this should extend the ongoing bull-market in common stocks. You will recall that throughout last year, we were expecting...

Doug Short's picture

The Advance Retail Sales Report released this morning shows that sales in February came in at -0.6% month-over-month, which comes on top of a -0.8% in January and a -0.9% decline in December. Core Retail Sales...

Michael Shedlock's picture

Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty level: From 10% to 9%, to 8% to 7.5%. China's growth target for 2015 is 7.0%.

Robert Rapier's picture

No, despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel, pointing to...