Fed Scholar: Knowledge is Yield

Our takeaway: Mark Kashkari down as an advocate for a June pause. The fed is going to attempt to contain markets enthusiasm by threatening more tightening. Truth is the Fed knows it has tightened at an unprecedented rate and the market has been waking up to the reality that we really don’t know how this…

Jerome Powell spoke at the Thomas Laubach Research Conference in Washington, D.C. on May 19, 2023. In short, Powell is saying that the Fed may not need to raise interest rates as high as previously thought in order to slow the economy and bring inflation under control. This is because the stress in the banking…

China’s central bank, the People’s Bank of China (PBOC), has said that it will “resolutely curb large fluctuations” in the exchange rate. The comment comes after the yuan dropped to multi-month lows. The PBOC said that it will work with the forex regulator to guide expectations, correct pro-cyclical and one-sided behavior, and curb speculation. The…

Corn prices have been on a downward trend recently, due to a combination of factors, including:

The Federal Reserve is now openly discussing the possibility of pausing its rate hikes in June, a sign that officials are worried about the impact of their aggressive monetary tightening on the economy. In recent weeks, several Fed officials have said that they are open to the idea of pausing rate hikes after the central…

US Dollar at 5-Day High The dollar strengthened against the yen on Friday. The US 10-Year treasury yield is currently 3.64% (an up ~25bps in a week) The dollar rose to a six-month high of 138.75 yen. The greenback was also up against other major currencies, with the euro down 0.1% at $1.0777 and sterling…