Yellen

Fed on Track to Hike Rates in December

September 21st, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Photograph by Michael Ashley

The U.S. Federal Reserve (The Fed) appears firmly on track for a December hike after leaving the federal funds rate unchanged today at ¼ to ½ percent.

Today’s Federal Reserve’s Open Market […]

My opinion: Draghi may have disappointed markets, but he pleased Yellen and the Fed

December 3rd, 2015|by Michael Ashley Schulman, Perspectives, The Here and Now|

ECB faces2Mario Draghi’s European Central Bank (ECB) announcements on the morning of December 3, 2015, while stimulative, nonetheless underwhelmed the market; but that does not mean that they were not well thought out.  The market’s disappointment, along with its consequential same-day rally of the […]