Blackrock Enhanced Government Fund Inc Stock News

Markets are searching for direction at month-end. The dollar is mostly higher, though the Norwegian krone and Canadian dollar are resisting the tug.

A Pyrrhic victory for stocks. The Fed delivers more of the same at Jackson Hole.

The lower rates go, and the longer they stay lower, the more they signal lack of faith in the Federal Reserve to change the situation.

The idea that the Federal Reserve would tolerate higher inflation to compensate for the undershoot would on its face be dollar negative.

The S&P 500 jumped 3.3% (up 8.6% y-t-d), and the Dow rose 2.6% (up 0.4%). Three-month Treasury bill rates ended the week at 0.095%.

The Federal Reserve released the results of its multiyear framework review alongside a speech by Fed Chair Jerome Powell at the Kansas City Fed's Economic Policy Forum on 27-28 August.

We anticipated the next downturn would mark a further step toward loose monetary policy, piloting toward zero or negative interest rates and more asset purchases.

In July, for the fourth month in a row, money supply growth surged to an all-time high, following new all-time highs in April, May, and June that came in the wake of unprecedented quantitative easing,

The deficit narrowed during July after months of record shortfalls in federal tax revenues. During April, May, and June of this year, deficits surged to unprecedented highs as economic activity dried

Consider where our economy is, where yields are, where the equity market is. Look at the number of new companies being brought to market with no revenues or earnings.

Labor Day marks the unofficial end to summer.  Many return to work, but the circumstances are much different this year.

We believe that long term inflationary pressures will stay muted. Powell's speech Navigating the Decade Ahead was pivotal for investors as he presented the Fed's revised view of the inter-relationship

The Fed made two fundamental changes to its interpretation of its policy mandate. Unemployment can run far below 5% without sparking inflationary pressures.

As expected, there were no mentions for changes to the FOMC’s forward guidance in either Powell’s speech at Jackson Hole or the statement released by the Fed.

Lumber prices have tripled since the March bottom. It’s one of the most interesting economic developments since the pandemic started.