Category: federal

It’s Official: The Federal Reserve Just Shot its Bazooka – And Failed
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It’s Official: The Federal Reserve Just Shot its Bazooka – And Failed

The Federal Reserve just aimed its ‘bazooka’ at the financial markets and it failed. Chairman Powell revealed a historic ‘QE infinity’ program, pledging to buy assets indefinitely. After a quick pump, the stock market quickly erased the gains and opened lower. This is it. This is the biggest weapon in the Federal Reserve’s arsenal: QE-forever.…

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Federal Reserve Shock & Awe Is Just A Bluff For The Stock Market
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Federal Reserve Shock & Awe Is Just A Bluff For The Stock Market

Fed speakers are doing their best to raise easing expectation as much as they possible can. FOMC member Rosengren has even suggested that the U.S. central bank could start buying stocks, a violation of its mandate. With another rate cut almost priced in for the upcoming March meeting, Jerome Powell’s sudden ultra-dovishness seems suspicious. The…

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A US federal court finds suspicionless searches of phones at the border is illegal
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A US federal court finds suspicionless searches of phones at the border is illegal

A federal court in Boston has ruled that the government is not allowed to search travelers’ phones or other electronic devices at the U.S. border without first having reasonable suspicion of a crime. That’s a significant victory for civil liberties advocates, who say the government’s own rules allowing its border agents to search electronic devices…

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Dow Crashes as Federal Reserve Goes to War Over Interest Rates
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Dow Crashes as Federal Reserve Goes to War Over Interest Rates

The Dow crashed after the Federal Reserve lowered interest rates, but also revealed an internal war over monetary policy. | Source: REUTERS / Brendan McDermidThe Dow and broader U.S. stock market reversed gains Wednesday after the Federal Reserve initiated its long-awaited interest-rate cut – but not without some dissension.Dow Plunges; S&P 500, Nasdaq FollowAll three…

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