Can You Price In No Longer Pricing Things In?

Watch Darline Graham's Epic Debate Flub That Could Cost Her The SC Primary In the worst response by a female South Carolinian to a foreign-policy question since the 2007 Teen USA beauty pageant, Lindsey Graham's sister on Tuesday night painfully displayed her utter inexperience in national politics, drawing a blank and bailing out of a basic question as she squared off against her run-off opponent, Rep. Ralph Norman.   After Sen. Lindsey Graham's sudden July death, Gov. Henry McMaster appointed his sister Darline to see out the remaining months of his term....

Forward Guidance Is Gone By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC kept the target range for the federal funds rate unchanged and dropped its easing bias. However, this unanimous decision was announced in an unusually short statement. What’s more, at his first press conference as Fed Chair Kevin Warsh terminated forward guidance. However, the Summary of Economic Projections had already revealed that half of the FOMC participants (who submitted a forecast) expected to hike before the end of the year. Warsh did not submit his...