Fed Beige Book says contacts report ‘solid’ holiday sales and have ‘modestly favorable’ expectations about 2020


Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Fed study finds Trump tariffs backfired


Getty Images President Donald Trump and Vice President Mike Pence examine a wheel loader from Caterpillar Inc. on the South Lawn of the White House in 2017. President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices,Read More →

Merk Research: Fed Report December 2019


The market will be focused on the updated Summary of Economic Projections and any clarity on the pace of balance sheet growth. This is the last Fed meeting of 2019. It will be the last voting meeting for Rosengren, Bullard, Evans, and George. The 2020 rotating regional voters will beRead More →