The Fed’s Beige Book just came out and the summary statement was “economic activity continued to expand” for the period of April 8th to May 20th. Compare that to summary line from the November 29th, 2023 release which covered the period...

Fed Minutes are out and there are a bunch of hawkish headlines which really shouldn’t be that surprising given I have continued to suggest that Powell doesn’t speak for the entirety of the committee when he gets up there.  Given that I think...

In this short clip from Macro EDGE Roundup recorded on 06/18/2024 (available to EDGE members), Samantha LaDuc and Craig Shapiro discuss the potential causes and implications of a yield on the 10-year treasury bond falling and remaining below 4.2%. ...

View the 1 images of this gallery on the original article Source: https://www.newyorkfed.org/microeconomics/sce/housing%20.html#/housing_prices_31 At a Glance: Findings from the 2024 SCE Housing Survey (Fielded in February) Households expect home price...

Reminder. Janet has a lot of USTs to sell, every week, from here until eternity: Next Week$69bn 2 yr (Tues)$70bn 5 yr (Tues)$44bn 7 yr (Wed)$28bn 2 yr FRN (Wed) Drip Drip Drip pic.twitter.com/rwShlgIvXZ — Craig Shapiro (@ces921) May 24, 2024

Fed speak starts up again today as we will get an update from members of the committee on their thoughts about current monetary policy amidst the recent data for April post their meeting earlier this week. We will learn where Powell stands vs. the rest of...

📺 In this short clip from Macro EDGE Roundup recorded on 05/24/2024 (available to EDGE members), Samantha LaDuc and Craig Shapiro discuss the implications of yield curve inversions on economic growth and market trends. They highlight how the...

View the 1 images of this gallery on the original article Source: Bloomberg The University of Michigan monthly sentiment survey shows that consumers expect much higher inflation for a long period of time.  The mean expectation for Inflation 5-10 years...

Earlier in the week, I was again interviewed by The Bitcoin Layer podcast to discuss the US Treasury debt market and what it means for the global monetary system, gold, and bitcoin. I also explain what to look for during next week’s FOMC meeting...

Gold has acted as a discipline enforcer on profligate government spending for generations. Once the gold standard era was ended in 1971, it needed to be replaced by some other enforcement mechanism to deal with inflation and government deficits.  This...