UBT News and Press, ProShares Ultra 20+ Year Treasury From 12/15/23

2023-12-15 10:30:00 ET Summary The Federal Reserve backtracked somewhat in its dot plot, which charts members' expectations for rates. There weren't a lot of changes to the announcement itself, but there was one key word added to a sentence. It sounds to me like higher rates a...

2023-12-15 09:08:00 ET Summary But in the last six weeks, interest rates have plummeted on expectations of lower inflation and an easier Federal Reserve in 2024. It all begs the question – was 5% the peak? The last few years have felt like a lifetime, but it’s intere...

2023-12-15 07:55:00 ET Summary A majority of analysts and investors clearly expected Powell to push back against bolstered expectations of early interest rate cuts. While some frustration with market volatility is understandable, ignoring the economic impact of financial condition...

2023-12-15 05:30:00 ET Summary The FOMC began its December 12–13 meeting with some good news on both the labor front and on inflation. As for the labor market data, job creation is down somewhat from the previous year; but the market has been steady and moderate. GDP gr...

2023-12-15 03:30:00 ET Summary The inverted yield curve remains anomalous. The dollar’s weakness against emerging market currencies mostly reflected monetary policy differences. The bear case for high yield has been based on credit spreads. Structured credit valuati...

2023-12-15 00:02:00 ET Summary Inflation has declined over the last few months, following an uptick in August. FOMC members revised their projections of output growth, inflation, and the federal funds rate. With inflation falling faster than previously anticipated, FOMC member...

2023-12-14 22:50:00 ET Summary As expected, the US Fed did not hike yesterday and held its policy rate at a 22-year-high while signalling rate cuts to start in 2024. Optimism makes sense for government bonds, which become more valuable as rates fall and risk aversion rises. Ce...

2023-12-14 11:40:00 ET Summary When could the Fed start cutting rates next year. What key indicators to watch as the Fed considers its next move. Where is the US dollar going in the next little while. Transcript Anthony Okolie: As expected, the Fed he...

2023-12-14 06:30:00 ET Summary The surprise from the FOMC was partly the extra 25bp implied cut added to 2024, but it was more the lack of pushback from Chair Powell on the 2024 rate cut narrative. He almost endorsed it, which leads us to question whether he knows something of sig...

2023-12-13 21:56:00 ET Summary The Federal Reserve has held the policy rate unchanged at 5.25-5.5% for the third consecutive meeting. They recognise the economy is slowing and that inflation pressures are easing and have pencilled in an extra rate cut in their own projections. ...