2 Charts That Might Define The Fed's Jerome Powell Era

"We expect financial imbalances to become their biggest worry, bigger than the risk of recession, which should matter less and less to the central bankers’ reputations as the business cycle expansion continues to lengthen..."

Here Is What Is In The Republicans' Final Tax Bill

While the formal language of the final Republican tax bill has not been released, the following are the known provisions on which House of Representatives and Senate tax writers have agreed.

US Services Economy Slumps To 15-Month Low, Manufacturing Rebounds

Despite a resurgence in positve surprises in hard macro data, PMIs (and soft survey data) has been fading in recent months and Markit's preliminary December showed a notable divergence in the US economy as Manufacturing rebounded to 2017 highs and Servces slumped to 15-month lows.

Watch Live: Mario Draghi Explains Why The ECB 'Taper' Is So Positive

Having left rates unchanged and confirmed the tapering of QE, there is only one thing left for the former Goldmanite to do - explain to the masses why this is all so positive and no reason at all to worry about rationality-shattering bond yields across the eurozone (and beyond).