Category Archives: Investments & Investing

The Fed, The Feud And The Fraud

To almost no one’s surprise, Janet Yellen & Company voted to keep the Fed Funds rate range unchanged at 0.25%-0.50% at the latest policy committee meeting that ended yesterday. The policy statement released after the meeting was quite positive regarding improvements in the economy, the labor market and consumer spending since the last committee meeting….

The US Economy Is Nowhere Near “Full Employment”

The official unemployment rate in the US has now been below 5% for four consecutive months. I mentioned in my E-Letter on Tuesday that some economists and members of the Fed believe the economy is approaching what is referred to as “full employment,” which essentially means that everyone who really wants a job can find…

Fed Leaves Rate Unchanged, Opens Door To September

The Fed Open Market Committee (FOMC) concluded its two-day policy meeting yesterday with no real surprises. As expected, the Committee left the Fed Funds rate range unchanged at 0.25% to 0.50%. The vote to take no action passed 9-1 with only Kansas City Fed President Ester George dissenting. The official policy statement noted that the…

Treasury Yields Hit Record Lows – Global Flight To Safety

It is so, so tempting to write about Hillary Clinton’s latest news today that I can hardly stand it. We had Bill Clinton’s “chance” meeting with Attorney General Loretta Lynch at the Phoenix airport last Thursday. Then the FBI finally interviewed Hillary on the Saturday of 4th of July weekend — very strange. Then on…

April Consumer Spending Was Up Most in Seven Years

How about some good economic news for a change? The Commerce Department reported on Tuesday morning that consumer spending in April rose by the most in almost seven years. Personal spending, which measures how much Americans paid for everything from raincoats to meals at restaurants, increased 1.0% in April from a month earlier, the Commerce…