Volatility in the Rand is surging in the run up to a conference when the ruling ANC could replace Jacob Zuma as its leader.
According to Bloomberg, the South African rand’s price swings are set to increase over the next two months as the ruling African National Congress prepares to replace President Jacob Zuma as party leader during a Dec. 16-20 conference.
Conveniently, since he remains a front runner (admittedly well behind Powell) to become the next Fed Chairman, John Taylor was able to inject a few soundbites into the media-sphere yesterday.
As Bloomberg reports, John Taylor, the Stanford professor who is among the finalists that President Donald Trump is considering to lead the Federal Reserve, argued Thursday that faster U.S. economic growth is possible if policy makers focus on reforms that encourage investment and hiring.
Dear Janet (and whoever follows her) - look at the chart below and explain why pushing up inflation expectations is good again?
The final October prints for UMich confidence are in and confirm expectations with the headline sentiment topping 100 for the first time since 2004. However, inflation expectations slumped once again... anti-correlating with the hopeful exuberance.
One quarter after Americans unexpectedly spluged on recreational vehicles (and, more predictably, healthcare) US spending has returned to a more normal pattern in Q3.
Thanks to the spike in Amazon's stock price overnight after blow-out earnings (for AWS), CEO Jeff Bezos has added almost $7 billion to his net worth - pushing him above Microsoft founder Bill Gates to become the world's richest person...
Bezos, 53, has added $18.1 billion to his fortune this year.
As Bloomberg reports, Bezos briefly surpassed Gates on an intraday basis on July 27th but this move looks considerably larger... unless like then, AMZN gives it all back today.