factivafilters

Hot US inflation is cooling, key PCE price gauge shows

The numbers: A key gauge of US inflation rose a modest 0.3% in October, adding another piece of evidence that points to slowly easing price pressures. The increase in the personal consumption expenditures index was a touch below Wall Street’s forecast. The annual rate of inflation slowed to 6% in October from 6.2% in the …

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Banks are short more than $1 trillion in capital, this analyst says, who fears the shortfall will only get worse

The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding values. That claim may surprise those who think the US banking industry has some $2.2 trillion in capital. But he whittles that figure in several …

Banks are short more than $1 trillion in capital, this analyst says, who fears the shortfall will only get worse Read More »

Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho

The Federal Reserve’s attempt at shrinking its balance mistake sheet through so-called quantitative tightening, or QT, is “a complete,” according to Mizuho’s chief economist for the US “There is a nontrivial probability that market liquidity will be adversely affected well before the targeted $2 trillion has rolled off, preventing the Fed from accomplishing its goal,” …

Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho Read More »