Hints and tips:
...The show closes with more than 50 photos of Black sitters, commercial studio portraits that smooth over differences in social status, which was part of the medium’s revolutionary point....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Bloomberg’s Max Abelson reviews the former Wall Street titan’s memoir, Up Close and All In....
...Equities, led by the S&P 500, edged up 0.2 per cent to close at a new record high and the 10-year Treasury interest rate eased to its lowest level in three months, below 1.5 per cent....
...A similar operation on January 7 was oversubscribed by roughly the same amount, while another two days later was close to fully subscribed....
...“The Fed has decided to pull out all the stops and make its operations even more generous,” said Lou Crandall, chief economist at Wrightson Icap....
...Manufacturers, she says, stay close to their consumers, which means the westerners who can afford chocolate. Like many, Ms Crandall sees no easy solutions....
...But unless the Fed actually follows through in the coming weeks, expect more spikes at the close of 2019....
...Much depends on whether negotiators are close to announcing a skinny deal or “phase-one” by the end of the week....
...Lou Crandall at Wrightson Icap is a well-read and highly respected Fed watcher....
...Policymakers decided to lower the ceiling after fed funds rose close to the top of the target range. The minutes said on Wednesday that further “technical adjustments” to IOER could be warranted....
...“At a bare minimum, it will persuade the Fed to increase the IOER in somewhat smaller increments,” said Lou Crandall, chief economist at Wrightson Icap....
...so-called corridor system, like one used before the crisis, in which a relatively scarce quantity of reserves is held by the banks and the central bank conducts frequent interventions to hold official rates close...
...Keeping two dots in place for 2019, with a long-term target of 2.875 per cent or even 2.75 per cent, would indicate policy is close to neutral....
...“Balance sheet reduction has entered a new phase,” said Louis Crandall, chief economist at Wrightson Icap....
...There will be close scrutiny of wage pressures, with average hourly earnings expected to stay at 2.6 per cent pace from a year go....
...trader of ferroalloys for Brandeis Goldschmidt in Paris — to his struggles establishing Trafigura after leaving March Rich & Co in 1993 with colleagues Daniel Posen, Antonio Cometti, Graham Sharp, Mark Crandall...
...The median view among 16 Fed officials is that the overnight borrowing rate will reach 1.13 per cent at the end of 2015 and then climb to 2.5 per cent before 2016 draws to a close....
...In terms of large US banks, Mr Crandall said: “Some will view a seven-day TDF investment as a very close substitute for overnight balances from a liquidity perspective and will move the size of their bid...
...A combination of lacklustre US and China data and rising tension over the Ukraine has sent yields – which move inversely to prices – close to their lowest level this year....
...Yields on Russia’s 10-year government bonds rose close to 9.7 per cent on Friday, compared with less than 8 per cent in January. The rouble hit 36.7 to the dollar, near to its weakest rate on record....
...“Everything is lined up for an adjustment in the Fed’s asset purchases, except for the calendar,” says Lou Crandall, economist at Wrightson Icap....
...“Asset managers holding a mix of Treasuries and riskier instruments stood to profit on both parts of their portfolio,” says Lou Crandall at Wrightson Icap....
...US Treasury bills have traded at negative yields in recent years and are currently close to zero. In Europe, many core bond markets have seen short-dated yields turn negative....
...Robert Crandall, his counterpart at American Airlines, worked closely with his IT guru, Max Hooper, supporting him in the creation of their revolutionary reservation system, Sabre....
International Edition