Michael Every, Head of Financial Markets Research Asia-Pacific, Rabobank International, says two more Fed rate hikes and you get a flat yield curve; three more hikes and you go inverted, which is normally a recession signal. Every was talking to ET Now.Edited excerpts: After the rate hike by the Fed, what sort of an outlook should one have on markets right now? Would money be getting out of equities into fixed income markets or will this fuel equities even further? Why would you move out of equity markets into fixed income when rates are going up? I do not really see the logic in that analysis. What does it mean? It means something or nothing. We saw the Fed shift very marginally to implying net four hikes this year, not three. So two more hikes after the latest one. What we actually saw was one dot in the dot plot moving from three hikes to four which carry the majority but we do not know who that dot was. We do not know if there was a voting member or a non-voting member. We … [Read more...] about The market is fighting the Fed right now: Michael Every, Rabobank
FILE PHOTO: John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri WASHINGTON (Reuters) - Financial regulations put in place following the 2008 financial crisis may have contributed to recent ructions in short-term lending markets, New York Federal Reserve President John Williams said on Tuesday. “My only message on this would be there are reasons we have regulations that were put in place after the crisis… That said, there may be ways that there are unintended consequences and inefficiencies,” Williams told reporters at a capital markets conference in Washington. “We don’t want inefficiencies in terms of how those markets work so those are the things that will be studied carefully,” he added. The New York Fed said last week it will purchase $60 billion in short-term Treasury bills through mid-December, keeping up the same pace for the … [Read more...] about NY Fed’s Williams: Financial regulations may have created inefficiencies
FILE PHOTO: John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri/File Photo WASHINGTON (Reuters) - The U.S. Federal Reserve has interest rates at the appropriate level for the U.S. economy, New York Federal Reserve President John Williams said on Tuesday. “I think we have monetary policy in the right place,” Williams said during a discussion at a capital markets conference in Washington. “The economy is right where we would like it to be.” Earlier this month, Williams also said the U.S. economy is in a good place and reiterated that the central bank’s reduction in borrowing costs this year should mitigate the potential risks of the ongoing U.S.-China trade war and slowing global growth. Related Coverage NY Fed's Williams: Financial regulations may have created inefficiencies The Federal Reserve voted 8-2 to cut interest rates by a … [Read more...] about Fed’s Williams: Monetary policy in the right place
TEENS were punched, choked and force-fed vomit by their adoptive parents, it has been reported. Sharon Windey, 55, burrowed her head in her hands and sobbed as the judge read out she was guilty to eight counts of felony charges of physical child abuse, causing mental harm to a child, and strangulation and suffocation. The former state trooper, of De Pere, Wisconsin, was convicted following a six-day trial as her husband Donald, 53, has also been accused of abusing their adoptive children. Prosecutors told Brown County Circuit Court the abuse lasted 12 years before Windey was charged in March 2018. Police were contacted several times by school officials, social workers, and others claiming the couple and their biological son, Steven, 27, were abusing the three children, according to a criminal complaint. They interviewed them following an physical altercation in the home when they refused to go to church in February 2018.It was then, authorities heard the full scale of horrific abuse … [Read more...] about Teens were punched, choked and force-fed VOMIT by adoptive parents from hell
New Delhi (Sputnik) – In a unique approach to curb open defecation, authorities of a small town in the Indian state of Uttar Pradesh have started a drive wherein people caught answering nature’s call in the open are "honored" with garlands and fed deserts. The Aligarh municipal authority believes that this form of sarcastic persuasion will work better as it will inculcate a sense of embarrassment as well as guilt in the culprits, deterring people from repeating the act. READ MORE: Record Wind Power Tariff Invigorates India’s Clean Energy Ambition The day of 'Diwali' was chosen as the day to start this drive as the festival is generally associated with cleanliness – cleansing our surroundings and our souls of dirt and evil. "It is a festival of cleanliness. We began this triggering exercise wherein we are urging people to not defecate in the open. We are … [Read more...] about Indians Caught Defecating in Open Garlanded, Fed With Sweets!