Fed


Fed’s ‘Third Mandate’ Will Compel Continued Tightening

FMI’s commentary on progress toward the Fed’s mandates, including the mostly-forgotten third one.

For Powell Fed, Less Would Be More

FMI’s commentary on how Jay Powell could improve further on his pretty good start as Fed chairman. Unfortunately, we harbor no illusions that these recommendations will be adopted. We offer them as food for thought -- and perhaps a smile -- for a Friday afternoon.

Powell, Trump’s ‘Stamp’ on Fed, Will Rubber-Stamp Yellen’s Policy

FMI’s commentary on today’s nomination of Jerome Powell to be the next Fed chairman.

FMI Weekly Data Preview October 23-27; Gossip/Odds for Next Fed Chair

FMI’s Preview of this week’s notable data releases.

Data Round-Up: Fed Regional Surveys Pick Up in June; Mfg Output Disappoints

FMI’s analyses of this morning’s June Philadelphia Fed and NY Fed Empire Regional Manufacturing Surveys and May Industrial Production report, plus our review of the latest Weekly Initial UI Claims & Rail Traffic data.

Data Round-Up II: Fed Banks Keep Up Pressure for Further Rate Hikes

FMI’s review of the Fed’s recent Discount Rate Meetings released this afternoon plus an overview of the Fed Balance Sheet as policymakers move toward a strategy to wind down their extreme portfolio.

Yellen Overestimates Labor Slack, Underestimates Need for Hikes

FMI’s Commentary on slack in the labor market and the FOMC’s perception of the same.

Data Round-Up: Home Price Trend Continues to Impress

FMI’s analyses of this morning’s December S&P/Case-Shiller Home Price Index, January Existing Home Sales and February Conference Board Consumer Confidence results as well as a review of today’s collection of February Fed Bank regional manufacturing and services surveys.

Federal Reserve Bank Discount Rate Change Requests

FMI’s update on Rate Hike Requests from Fed Banks.

Data Round-up: Bond Issuance Up Sharply as Fed Clings to Ultra-Low Rates

FMI’s review of today’s 15Q2 U.S. Financial Accounts (formerly known as Flow of Funds).

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