May 6, 2018

Fed keeps its “asymmetry of bias” stance intact – more´s the shame

The Week Ending Friday May 4th 2018 Last week we speculated about a potential negative surprise from a combination of FOMC meeting and data releases. While there were no dramatic moves in markets on any particular day or news release, the newswires were full of an apparent Emerging Markets crisis. Well, on closer examination what they were referring to was EM currency weakness. On a little more examination, many countries, both EM and Developed Markets, show currency weakness versus the USD. When so many countries are seeing “weak” performance of their currencies against the USD, it really means that the… Read More