What’s going on? Jerome Powell believes that the US economy is still quite far from its targets of 2%-inflation and full employment. This is the core basis for the FED to continue to maintain the current easy-money policies. Easy money occurs when FED wants to stimulate the economy and lower the unemployment rate. In general,…
Tag: bonds
Ep 87: Step Right Up
What’s going on? US investment bank JPMorgan Chase proved its strength and won a prize when it announced financial results: its 2019 was the most profitable year for any US bank ever. What does this mean? JPMorgan reported a 21% surge in profit last quarter: largely driven by a 56% increase in trading revenue. Bond trading was…
with HT 