Chairman Powell made it clear in the FOMC post meeting press conference that the Committee is now frontloading return of its target federal funds rate range to a more “normal” position. The move of 75 basis points was telegraphed ahead of the meeting but still surprised some observers.

We have cited Paul Schulte, founder and editor of Singapore-based Schulte Research, a number of times. Paul has decades of experience in equity research and research on banks, financial technology, bank algorithms, and credit algorithms.

Given all the global central bank tightening, we’re publicly releasing our newly completed 80-page study pamphlet on yield curve control and its effects on global interest rates. The pamphlet includes slides and tables. We discuss why the 2-10 spread indicator is not sufficient for policymaking…

Frank Martins, who is a regional sales director at ValueLine Funds (https://vlfunds.com), sends a regular note with interesting snippets.

A number of readers responded to our Sunday, May 29, commentary, “Investing and Politics Don’t Mix Well” (

Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since the company’s inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then:

I would like to thank Byron Callan and Capital Alpha Partners (https://capalphadc.com) for permission to shar

This Sunday we feature the replay of Part 3 in the “Ukraine: What’s Next?” five-part series: “Cyber Security Analysis” (

​During the first week of June, we gain access to a number of important reports on the US labor market to go along with the inflation data for April. The FOMC, which meets June 13–14, will have one more observation on CPI inflation but will not receive the May PCE until April 30, after the…

“The Great Recalibration”