Why the Federal Reserve’s ‘quantitative tightening’ will be held back City Talk Janet Yellen, the chair of the Federal Reserve (Fed), says she hopes that the reversal of QE will be as dull as “watching paint dry”. John Williams, San Francisco Fed President, said he hoped it is “boring”. Will they get their wish? Between 2009 and 2014 the QE programme saw the Fed create $3.5 trillion, [...]
Trump and the markets: the good news and the bad news City Talk The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman recently [...]
Trump and the markets: the good news and the bad news City Talk The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman [...]
