How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...

Second US Warplane Lost: A-10 Warthog Crashes Near Hormuz Shortly After F-15 Shootdown Update(1535ET): Friday has witnessed a sudden spate of disasters for the US Air Force over Iran. The downed F-15 situation is still ongoing, there are unconfirmed reports a Blackhawk helicopter may have been shot down, and now the NYT is confirming an A-10 Warthog crashed in the Persian Gulf region: A second Air Force combat plane crashed in the Persian Gulf region on Friday, and the lone pilot was safely rescued, according to two U.S. officials who spoke...

US Core Durable Goods Orders Surge For 11th Straight Month After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish... Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a decline in orders for aircraft. Boeing said it received fewer orders for its planes in February than a month earlier. On the other hand, core durable...