DLBS News and Press, Barclays Bank PLC ZC SP ETN REDEEM 13/08/2020 USD 50 - Ser A 06740L444 From 06/25/19

The big news last week was the Federal Open Market Committee (FOMC) statement on Wednesday, which removed the word "patient" and set the Fed up for potential 0.25% key interest rate cuts at its July and/or September FOMC meetings. Interestingly, the FOMC statement also acknowledged that there ...

This should be obvious, but over the past couple of weeks, it seems to have gotten lost in the shuffle: There is a difference between believing the Fed will cut rates and believing the Fed should cut rates. The former (the assumption that the Fed will embark on an easing cycle starting n...

By Joseph V. Amato, President and Chief Investment Officer - Equities They may discourage the fiscal reform and corporate investment that the economy needs. Who doesn't love a good stock market rally? We certainly do, but the key question we are asking ourselves is whether lower intere...

This expansion has run for 120 months from the 2009 trough, a tie for the longest expansion with 1991 – 2001 (see the NBER’s data since 1854 . The Fed’s GDPNow algorithm estimates Q2 GDP at a still-healthy 2.0% SAAR. All expansions end in recessions. When will that happ...

If you have nothing left, it can sound like a winning argument, but you have to really try hard enough. In October 2015, with another false dawn dawning on the public, former Federal Reserve Chairman Ben Bernanke wrote and op-ed published in the Wall Street Journal . As had become his habit...

By Jason England and Nick Maroutsos Co-Head of Global Bonds Nick Maroutsos and Portfolio Manager Jason England explain why the Federal Reserve was correct in not cutting rates Wednesday and which factors may justify a move lower in July. Nick Maroutsos: Jason and I are here to tal...

The 10-year Treasury rate has fallen below 2.0% for the first time since November 2016, blowing through the bearish reasons to "short" bonds at the last "blow-off" top. As I have outlined in many of my past research notes, the driving factors behind US Treasury rates are credit risk, ...

In order for rate cuts to be insurance for a boom to continue, there first has to be a boom able to be continued. The FOMC meeting yesterday didn't directly kill the idea, but that's actually what's coming up in the latest projections. This is why there's been so much attention focused on in...

A version of this piece originally appeared in the Financial Times on 19th June, 2019. Central banks around the world are pivoting toward easier monetary policy. In some countries, this means rates are falling below previous record lows, and in the U.S., the Federal Reserve has pause...

Wednesday's FOMC statement and Fed Chair Powell's press conference may have satisfied those looking for US rate cuts later in 2019. However, we see in both the statement and the press conference an uncharacteristic reluctance to react pre-emptively. This is despite a lowering of the central pr...