Lind Plus Senior Market Strategist Jeff Friedman discusses the recent FOMC meeting and the effect it had on markets. Jeff discusses the highlights of the Federal Reserve meeting, including their decision to leave interest rates unchanged. This video is part of a daily series called Lind Market Recap. To see all the videos in this [...]
The Federal Reserve kept interest rates unchanged but said it will buy $300 billion in long-term Treasury bonds. The Fed also plans to buy mortgage-backed securities and the agency debt of Fannie Mae and Freddie Mac.
The move aims to boost bond prices, thus forcing the yield on long-term interest rates down. The ultimate hope is [...]
Fed’s Next Move Could be to Lower Rates - CNNMoney
Uncle Sam: $407 Billion in the Hole - CNNMoney
Bond Traders Lose ‘One Night Stands’ in Credit Crunch - Bloomberg
Fed Loans May Give Lehman Breathing Room Bear Stearns Lacked - Bloomberg
Platinum Declines to 18-Month Low in London as Car Sales Slow - Bloomberg
Oil Slips as Demand Concerns [...]
So Why Is the Price of Lobster Falling? - Slate
Global Recession & Falling Energy Prices - Project Syndicate
The Key to Our Wild Market: Asia - MSN Money
Inflation is a Clear and Present Danger - Wall Street Journal
To Drill or Not To Drill - Los Angeles Times
The World Economy: A Problem Shared - The Economist
Wall Street, [...]
By Phillip Streible
The U.S. dollar has posted its biggest gain against the euro in more than eight years and I would expect it to continue higher. The greenback has seen a 4 percent jump against the European currency this month. The dollar rose to $1.49090 against the euro today (August 11).
The dollar seemed to have [...]
The Labor Department reported early this morning that the unemployment rate hit a 4-year high of 5.7 percent in July and non-farm payrolls declined 51,000, and given other ills in the economy, market participants don’t expect the Federal Reserve to raise interest rates at its policy meeting next week on August 5. CME Group Fed [...]
The Australian dollar has come off its 25-year high against the U.S. dollar following four straight gaining sessions, after its Central Bank Governor said the chances of “keeping inflation low over the medium term are good.” Market participants took that as a hint rates may not increase further from the current level of 7.25 percent. [...]
U.S. Economy: Employers Cut Payrolls for Sixth Straight Month - Bloomberg
Stay-at-Home Grillers for 4th Still Pay More for Food, Gas - Bloomberg
ECB Hikes Key Rate to 4.25% - MarketWatch.com
Oil Demand May be a Victim of its Own Success - MarketWatch.com
Bush and Paulson Boxed in Corner on Dollar Mantra - Reuters
Housing Market Seen Getting Worse [...]
Futures Forecast: July
By Jeff Friedman
Many of the big-picture themes holding back the economy from earlier this year still haven’t been resolved, and I don’t see them being resolved in July either. So it could be another difficult month for stock market investors, and cash-strapped consumers. Let’s take a big picture view of the markets and [...]
Last week, inflation was the focus, and with crude oil prices heading toward more record highs, and it looks like the second-half of the year could be more sluggish than we had hoped. Let’s take a look at price action in the financial markets last week, and how we might approach this week trading futures.
Read [...]
