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Morning Note August 30, 2016

Untitled

Tues, Aug 30, 16

 

US Futures Flat, Dollar Up, & Oil Up

US Index futures are flat in the pre-US cash session as overnight markets are relatively quiet. Fed’s Fisher releases statements this morning, but the market’s reaction is mute. Here is a summary of his statements:

  • FED’S FISCHER/BBGTV: YOU CAN’T SAY ONE AND DONE, CHOOSE PACE
  • FISCHER: PACE OF RATE HIKES DEPEND ON DATA
  • FISCHER: ECON PESSIMISM ABOUT GROWTH, LARGELY PRODUCTIVITY
  • FISCHER: CAPITAL MARKETS OF THE WORLD MORE INTERCONNECTED
  • FISCHER: FED TAKES INTO ACCOUNT FINANCIAL MARKET POSITIONS
  • FISCHER: LEARNED C BANKS DOING NEG RATES THINK THEY ARE WORKING
  • FISCHER: NEGATIVE RATES DIFFICULT FOR SAVERS
  • FISCHER: US ECONOMY GROWING AROUND 2%, PRODUCTIVITY LOW
  • FISCHER: HAVE SEEN APPRECIATION OF USD, NEAR FULL EMPLOYMENT
  • FISCHER: STRONGER US $ HAS HAD IMPACT ON INFLATION
  • FISCHER: FED HAS TO DEAL WITH THE WORLD AS IT IS
  • FISCHER: PROPPING UP YELLEN IS NOT SOMETHING SHE NEEDS
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Loose Monetary Policy and Social Inequality
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