January Flash News Today

The Fed remains firmly 'in a risk management mode' as it continues to make progress on both sides of the dual mandate. Powell struck an optimistic tone on inflation, stating that data seen so far has been 'good enough' and that the Fed simply needs to see more similar evidence on disinflation in order to initiate the cutting cycle. There are two-sided risks to starting either too late or too early, but the cuts are ultimately on the way in any case.

The Fed remains firmly 'in a risk management mode' as it continues to make progress on both sides of the dual mandate.

The U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. U.S. GDP and PCE data will steal the limelight over the next two days.

While the past week has been a quiet one on the macro data front, central bankers sent some hawkish signals ahead of the January rate decisions. The Fed's Waller remained confident that sustainable 2% inflation is within 'striking distance', but he also underscored that there is no reason to cut rates as quickly as in the past. Just ahead of the ECB's silent period, Lagarde noted that rates will likely be cut only by summer and Knot cautioned that markets have been 'gett...

While the past week has been a quiet one on the macro data front, central bankers sent some hawkish signals ahead of the January rate decisions.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Stone Soup Newsletter: January 16, 2021 January 16, 2021 A note from William Waitlist for the Saturday Writing Workshop: The writing workshop begins next Saturday, Jan. 23. It is going to be a fun class. We are working with creativity and chance. Yes, we will be rolling dice! Enrollment was opened to existing class members last week, and 38 students have signed up. As I don’t want the class to get too big, we have closed off registration. If you want to take the class, then please register as...