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The Fed and its “extended period” language
Will they / won’t they? All eyes will be on the Fed statement issued around 2pm EST Wednesday to see if there is any change to the “extended period” language the US central bank uses to guide market expectations of the future path of interest rates (last FOMC statement). The current formula is ...
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FT Alphaville — ... China began discreetly buying Kazakh oilfields 10 years ago and now has more energy projects on the go in the central Asian nation than any other country. While the west’s biggest oil groups agonise over the risks of undertaking expensive infrastructure developments in obscure locations, Beijing has boldly built a 3,000km pipeline to lock Kazakhstan’s oilfields into its orbit.  It is moves such as these that have prompted fears of a clash between the west and China over oil. Money Supply: The Fed and its ‘extended period’ language Will they / won’t they? All eyes will be on ...

The creeping power grab by the executive branch and Federal Reserve
naked capitalism — ... .  With the FOMC starting its two-day meeting tomorrow, and with the Reserve Bank of Australia having already hiked twice, it will be interesting to see if the Fed retracts its “extended period” language as many of us expect. While I think it premature in regards to the robustness of the economy, ...

How many Fed governors can dance on the head of a pin?
self-evident — ... I thought about giving my own thoughts on this, but then I found this blog post by Krishna Guha. As you may recall, Guha is the guy who somehow manages to write about every Fed move 1-2 months before it happens. He clearly has sources near (or on) the FOMC. ...

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