What to look for in Kevin Warsh’s first Fed meeting
Today, as I write this article, oil prices are at $75.80, which is a big deal because tomorrow the Federal Reserve will announce its monetary policy under new Fed Chair Kevin Warsh. For many months, Federal Reserve hawks have said that the Iran conflict was a major reason they’ve been more hawkish,
Builders slow starts in May to rebalance pricing and incentives
The real story in today’s Monthly New Residential Construction release from the Census Bureau isn’t a collapse in construction. It’s a production strategy that took shape months ago. Headlines – and their sibling, “headline risk” –don’t enjoy a particularly good reputation among most homebuilding bu
Decent Gains, But Some Signs of Resistance
Decent Gains, But Some Signs of Resistance Bonds improved overnight at the start of European trading and made additional gains in concert with lower oil prices during the domestic session. Notably, the gains met resistance at 4.42%--a resistance level that's been on our radar since the last bounce a
Pamela Heman
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