The press is dominated by the timing of any reduction or cessation in the Fed’s current policy of open ended Quantitative Easing. That means that when any FOMC member makes an appearance than the first reporter’s question seems to be always as to when the Fed will be “tapering” it’s current policy. It was only […]
Philadelphia Fed Survey
The Philadelphia Fed survey was a shocker yesterday. The most reliable source of information on the US Manufacturing industry had plenty of weak components and now points to a contraction in the US economy -if confirmed in actual data this is a real game changer for the US Federal reserve and the US Financial markets. […]