Category: Atlanta

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Will Bostic or Goolsbee say something that will move the markets today?

Federal Reserve Bank of Atlanta president and chief executive officer Raphael Bostic and Federal Reserve Bank of Chicago president and chief executive officer Austan Goolsbee will each deliver remarks today on monetary policy and issues pertinent to the districts within which their banks operate. President Goolsbee is a member of this year’s Federal Open Market … Continue reading Will Bostic or Goolsbee say something that will move the markets today?

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US-Eastern Caribbean Interbank Market News Scan: American central bankers see drop off from Trump effect.

What we’re reading. Federal Reserve Bank of St. Louis. Alberto Musalem. Monetary policy. “St. Louis Fed President Alberto Musalem discussed the importance of the Fed’s regional structure and shared his views on the U.S. economic outlook and monetary policy at an event in Paducah, Ky. He gave a speech, “Remarks on the U.S. Economic Outlook … Continue reading US-Eastern Caribbean Interbank Market News Scan: American central bankers see drop off from Trump effect.

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Currency and money markets news scan: Massie wants to end the Fed. That is low-hanging fruit.

The takeaway: Massie wants to end the Fed. That is low-hanging fruit. The Federal Reserve again finds itself as the political football for a congressman, this time in the name of U.S. Representative Thomas Massie. The Kentucky congressman today announced the introduction of HR 1846, the Federal Reserve Board Abolition Act. The Act would abolish … Continue reading Currency and money markets news scan: Massie wants to end the Fed. That is low-hanging fruit.

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Georgia businesses and consumers should start crunching the numbers under a Harris or Trump presidency…

Will Georgia see more federal largesse directed to the Peach State under a Congress and White House managed by the Democratic Party or managed under the Republican Party? Most of the electorate get hung up on personality and culture war issues while ignoring the business aspect of executive and legislative power. The taxing power relationship … Continue reading Georgia businesses and consumers should start crunching the numbers under a Harris or Trump presidency…

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My quick email to Nikema Williams, Raphael Warnock, and David Scott regarding Powell’s upcoming testimony.

This morning, I sent U.S. Senator Raphael Warnock and U.S. Representatives Nikema Williams and David Scott an email message about Federal Reserve chairman Jerome Powell’s upcoming testimony to Congress. He appears tomorrow before the U.S. Senate Committee on Banking, Housing and Urban Affairs and on Wednesday before the U.S. House Committee on Financial Services. “Looking … Continue reading My quick email to Nikema Williams, Raphael Warnock, and David Scott regarding Powell’s upcoming testimony.

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Mr. Biden should promise no further use of Executive power …

Atlanta will be a hot mess on Thursday as President Joe Biden and former president Donald Trump roll into Atlanta to debate. CNN veterans Jake Tapper and Dana Bash are reportedly moderating the debate. I have little faith that journalists with seven figure compensation packages who likely have never set foot in Atlanta’s poorest neighborhoods … Continue reading Mr. Biden should promise no further use of Executive power …

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Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

I live in the 30310-zip code made up primarily of Atlanta’s West End neighborhood. There is a population of approximately 26,062 people with a median income of $24,604. 79.9% of the residents classify themselves as African American or black, while 12.4% of residents classify themselves as white or Caucasian. The unemployment rate hovers around 4.6%. … Continue reading Fed Day: The Community Reinvestment Act misses growth creation in low-income communities.

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So much for a rate cut as CPI increases 3.2% year over year. Dollar apparently strengthens …

Hopes for a rate cut any time soon appear dashed as the Consumer Price Index increased 0.4% in February and 3.2% over the last 12 months. The dollar apparently strengthened on the news. Here are the new rates, as of 8:30 am today that facing the Atlanta international community. USD/JPY=147.7863 EUR/USD=1.0917 USD/MXN=16.8123 USD/INR=82.7776 Source: x-rates.com … Continue reading So much for a rate cut as CPI increases 3.2% year over year. Dollar apparently strengthens …