The Statist Peril Of Techno-Asset Inflation
The positive supply shock emanating from the technological revolution bears down on goods and services prices.
Federal Reserve
Pennies Have Been Abandoned. Now What Will Be Done With Nickels?
Also, people seeing that the metal content of their pennies is worth more than the face value are deciding that it is better to store pennies in a jar than to spend them.
US Weekly Jobless Claims Dip In Latest Week
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 206,000 for the week ended Aug. 15 from the prior week’s upwardly revised 212,000, the Labor Department said on Thursday
Bessent: Treasury Buyback Could Exceed Announced $4 Billion
Bessent said the department intends to “make a market” in longer-term securities, where yields have recently climbed sharply.
Why The Fed Should Not Accommodate Increases In The Demand For Money
In this way of thinking, the free market, by failing to provide enough gold, will cause money supply shortages. This, in turn, runs the risk of destabilizing the economy.
U.S. Treasury Moves To Steady Long-Term Bond Market
Treasury Secretary Scott Bessent will oversee the expanded program, which will focus on debt maturing in 10 to 20 years and 20 to 30 years.
U.S. Threats Against Iran Push Treasury Yields Higher
The 10-year Treasury yield rose 2 basis points to 4.661%, while the 2-year yield gained more than 1 basis point to 4.152%
Bessent Says Hormuz Deal Could Come This Week
Negotiations with Iran are ongoing and expressed optimism that both sides could move toward a more stable phase in the conflict
How Are Iran Talks Affecting Oil Prices And Bond Markets
The benchmark 10-year Treasury yield slipped to 4.688%, while the two-year and 30-year Treasury yields also moved lower
Fed Dissenters Warn Inflation Remains Too High
Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan opposed the central bank's decision to hold rates steady for a fifth consecutive meeting.
Markets Question Warsh After Fed Holds Interest Rates Steady
Federal Open Market Committee voted 9-3 to keep rates steady
The Fed’s Policy Of Price Stability Helps Create An Unstable Economy
The Fed’s economists have established that policymakers should target inflation at two percent
Treasury Market Rallies On Easing Iran Conflict
The benchmark 10-year Treasury yield fell more than three basis points, while the two-year and 30-year yields also declined
Rising Oil Prices Push Treasury Yields Higher
Higher energy prices added to concerns about inflation, contributing to the rise in government bond yields.
How Is The Iran Conflict Affecting US Bond Markets
The benchmark 10-year Treasury yield rose to 4.558%, while the 30-year bond yield also edged higher