David Gilmore (born 5 February 1964) is an American jazz guitarist.[1] (wikipedia)
Many of these countries are struggling to match rate hikes by the Federal Reserve,
More tightening is still needed. The Fed has to consider the election calendar. They can't delay until late summer or fall, when it might be politically more difficult.
While we have said all along that the foundation for the U.S. expansion is dodgy, as long as it is what it is, we expect to see the dollar and Treasury yields - and fed funds - move up.
What we do know is somewhat reassuring, even if there are significant gaps in his international economic policy resume.
It's become virtually an unprofitable period for most institutions trading major currencies and government bonds. The real opportunity has come from commodities, global equities and emerging markets.
Removing currency risk is key to getting Japanese investors to buy U.S. assets, which will help keep U.S. interest rates down.
If he was here, I would hug that man for what he's done for me.
The question is, is this a turning point in the US trade deficit?
The Medley report was instrumental in pushing up the dollar against the yen.
The market is pretty bullish on the dollar. With the U.S. economy enjoying low inflation and strong growth, and with the stock market picking up again, it makes it a tough go for the euro.
