This week I am going to keep a close eye on several housing reports, which include January’s new (Wed) and existing (Fri) home sales along with December’s Case Shiller HPI (Tue)–December is the first month after what would have been the expiration of the first time home buyer tax credit. December’s home prices likely came […]
Archive:
Bernanke
It looks like over the short-term the Fed will be using interest on excess reserves as its primary monetary policy tool to aid in its removal of excess liquidity from the market. This is the interest rates paid to banks on excess reserves held at the Fed. These comments continue to indicate accommodative monetary policy […]
As I mentioned in my US Week Ahead, any indications that Chairman Bernanke may not be reconfirmed could send ripples through the market. This morning I woke up to this headline “Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke”. The market is still walking on broken glass after overcoming its biggest […]
After last week’s barrage of economic data, this week is relatively light. The few exceptions will be Monday’s leading indicator release, Thursday’s jobless claims and existing home sales data, and Friday’s consumer sentiment report. This week’s claims data will likely take on added importance as the market tries to decipher the impact early auto plant […]