Gunmetal Spinning Smiling Torpedo Cufflinks - Newest

Approximately 3/8" x 3/4", Handmade with 925 Sterling Silver, Packaged in a black wood lacquered box, perfect for gifting, storage, and display use, Features an anti-tarnish rhodium finish that makes for lasting wear,

Financial markets, which had expected the Fed to hold its benchmark overnight lending rate steady in the current range of 2.00 percent to 2.25 percent this week, ticked lower after the statement was released. After a stock market rout in October and signs that both housing and business investment may be waning, some analysts expected the Fed to possibly signal doubt about its next rate increase. Yet December still seems firmly in play. “The only surprise here is that they weren’t more hawkish,” said Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management in New York. “There were a couple words that were more muted – that business investment had ‘moderated’ from its earlier pace. But apart from that they have not signaled any warning signs at all.”.

U.S, stocks, which had rallied broadly on Wednesday after the results of the U.S, congressional elections, turned gunmetal spinning smiling torpedo cufflinks lower as the Fed’s statement offered no indication the central bank might slow the pace of its rate increases, The dollar also weakened against the euro and yen and U.S, Treasury yields held near the day’s high, The 10-year Treasury note yield, a benchmark for both consumer and business borrowing costs, was 3.23 percent, around the highest since 2011, Data released in late October showed the U.S, economy grew at a 3.5 percent annual rate in the third quarter, well above the roughly 2 percent annual growth pace the Fed and many economists regard as the underlying trend..

But Fed policymakers also have begun debating whether the economy has reached a plateau as the stimulus from the Trump administration’s $1.5 trillion tax cut package and increased federal spending begin to fade. The Fed’s policy statement did not explicitly take stock of the recent volatility in U.S. equity markets that led to the selloff in October, or address the possibility of a slowdown in global growth next year. There were no updated economic forecasts released on Thursday and Fed Chairman Jerome Powell was not scheduled to hold a news conference.

NEW YORK (Reuters) - The U.S, Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the economy on track, “The labor market has continued to strengthen and ., economic activity has been rising at a strong rate,” the Fed said in its latest policy statement, leaving intact its plans to continue raising rates gradually, The statement reflected little change in the U.S, central bank’s outlook for the economy since the last policy meeting in September, with inflation remaining gunmetal spinning smiling torpedo cufflinks near its 2 percent target, unemployment falling and risks to the economic outlook appearing to be “roughly balanced.”..

STOCKS: The S&P 500 extended losses and was last down 0.6 percent. The Dow was firm then turned down 0.3 percent. BONDS: The 10-year U.S. Treasury note yield rose to 3.2355 percent and the 2-year yield rose to 2.9691 percent. The five-year yield rose to its highest in a decade. FOREX: The dollar index was up 0.58 percent. GENE TANNUZZO, DEPUTY GLOBAL HEAD OF FIXED INCOME, COLUMBIA THREADNEEDLE, MINNEAPOLIS. “They did not take the opportunity to say financial conditions tightened. The omission of that is maybe slightly important. This smells like a situation where I think they say ‘Look we want to hike in December. We want to stick as close as the last statement.” There are those people are unsatisfied by this statement because they were looking for a more dovish tone after last month’s market volatility. That’s why we see short-term yields ticked up and stocks down here. They are still on track. There are still open questions. Are we close to a neutral level on rates? What is going to happen to the ultimate size of the Fed balance sheet? There is nothing in the broad data that would shake them from the current policy path.”.

PETER gunmetal spinning smiling torpedo cufflinks CARDILLO, CHIEF MARKET ECONOMIST, SPARTAN CAPITAL SECURITIES, NEW YORK, “It was in line with what I was looking for, and it was what the market was looking for as well, “They cited consumer spending as strong, a tight labor market, and those two factors just simply mean that rates need to move higher to at least get to a normalized level so that the economy doesn’t overheat, “You can see the reaction in the (stock) market is basically nil, just mixed today, coming off of a strong rally yesterday, I think the message form the Fed is this: rates are going up for the right reasons, not the wrong reasons, so that should not negatively affect equities.”..

TIM GHRISKEY, CHIEF INVESTMENT STRATEGIST AT INVERNESS COUNSEL IN NEW YORK. “There were a couple changes from the prior statement, nothing huge. Business fixed investment, they admitted that its growth rate has moderated. We see that in the data. That’s really the only change of any significance. I don’t think anything in here says the Fed has to tighten in December, but they remain on pace to tighten in December. They’ve telegraphed that very clearly. If you look historically while they’re at the core PCE rate, which they admit is their medium-term objective, historically they’ve overshot that rate on purpose an average of 0.9 percent. So we would expect the Fed not only to hike in December but also two to three times in 2019. And everything being equal, they’ve achieved their objective.

“The stock market is always choppy going into and especially right after a Fed announcement, regardless of what was said, Because of that business fixed investment line, it showed a little bit of caution from the Fed about becoming too aggressive and the market greets that favorably.”, RICK RIEDER, CHIEF INVESTMENT OFFICER gunmetal spinning smiling torpedo cufflinks OF GLOBAL FIXED INCOME, BLACKROCK INC, NEW YORK, NY, “The one interesting change in today’s statement was a reference to some moderation in business fixed investment, The Fed is clearly beginning to recognize a dynamic that has been working through the economy, in the form of tangible tightening of financial conditions.”..

Recent Posts