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        <title><![CDATA[Ben Emons - Managing Director:Fixed Income]]></title>
        <description><![CDATA[Ben Emons is the founder of FedWatch Advisors, a firm specialized in analysis and investing around the Fed. Previously he was associated with NewEdge Wealth as head of fixed income and Medley Global Advisors as Managing Director of Global Macro Strategy. The opinions expressed are his own.]]></description>
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        <item>
            <title><![CDATA[Volatility Doesn't Come Without Economic Consequences]]></title>
            <description><![CDATA[Big swings in financial markets can affect confidence, causing companies and consumers to curtail spending.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2018-02-13/volatility-doesn-t-come-without-economic-consequences</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Tue, 13 Feb 2018 11:30:10 GMT</pubDate>
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                <media:description>Visitors ride a roller coaster at the Walt Disney Co. Magic Kingdom park in Orlando, Florida, U.S., on Tuesday, Sept. 12, 2017. The Walt Disney Co. Magic Kingdom park reopenedto a smaller-than-usual crowd after closing for two days and suffering minor storm damage from Hurricane Irma. Photographer: David Ryder/Bloomberg via Getty Images</media:description>
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        <item>
            <title><![CDATA[When the Fed Talks Price-Level Targets, Markets Should Shudder]]></title>
            <description><![CDATA[Neither bonds nor equities are pricing in much of a premium for the prospect of faster inflation, increasing the risk of a correction.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2018-01-31/when-the-fed-talks-price-level-targets-markets-should-shudder</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Wed, 31 Jan 2018 11:00:09 GMT</pubDate>
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                <media:description>Jerome Powell, governor of the U.S. Federal Reserve, speaks in front of a consumer price inflation (PCE prices) chart during an Economic Club of New York event in New York, U.S., on Thursday, June 1, 2017. Powellis calling for gradual interest rate increases and a start to balance-sheet reductions later this year if the economy stays on track, though hes watching a recent slowdown in inflation. Photographer: Michael Nagle/Bloomberg via Getty Images</media:description>
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            <title><![CDATA[Dollar May Hold the Key to the Global Rally in Stocks]]></title>
            <description><![CDATA[A resurgence in the U.S. currency can tighten financial conditions and reverse some of the good spirits currently embedded in global markets.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2018-01-09/dollar-may-hold-the-key-to-the-global-rally-in-stocks</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Tue, 09 Jan 2018 17:00:10 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibeedSxhpvac/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>U.S. one-hundred dollar bills are arranged for a photograph in Hong Kong, China, on Monday, July 20, 2015. The yuan has proven to be among the more resilient emerging-market currencies this year, having fallen less than 0.1 percent versus the dollar as China cut interest rates and the U.S. prepared to raise. Photographer: Xaume Olleros/Bloomberg via Getty Images</media:description>
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            <title><![CDATA[Return of Volatility Foreshadowed In Economic Data]]></title>
            <description><![CDATA[History shows that divergences between economic and financial market volatility only last for brief periods.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-12-29/return-of-volatility-foreshadowed-in-economic-data</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Fri, 29 Dec 2017 09:00:21 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUZ251hxIqvM/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUZ251hxIqvM/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>U.S. one-hundred dollar bills are arranged for a photograph in Hong Kong, China, on Monday, July 20, 2015. The yuan has proven to be among the more resilient emerging-market currencies this year, having fallen less than 0.1 percent versus the dollar as China cut interest rates and the U.S. prepared to raise. Photographer: Xaume Olleros/Bloomberg via Getty Images</media:description>
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            <title><![CDATA[Corporate Bonds Sour on the Republican Tax Plan]]></title>
            <description><![CDATA[Debt investor skepticism contrasts with the general notion among economists that companies with large amounts of leverage will benefit.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-12-14/corporate-bonds-sour-on-the-republican-tax-plan</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Thu, 14 Dec 2017 12:15:09 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifJdmEyOTdPQ/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A Wall Street sign is seen inside a subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017. The dollar fell to the weakest in more than two years, while stocks were mixed as natural disasters damped expectations for another U.S. rate increase this year. Photographer: Michael Nagle/Bloomberg via Getty Images</media:description>
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            <title><![CDATA[Europe's Yield Curve May Hold Key to Markets in 2018]]></title>
            <description><![CDATA[A narrowing gap between short- and long-term rates should provide a boost to risk assets and the economy.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-12-06/europe-s-yield-curve-may-hold-key-to-markets-in-2018</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2017-12-06/europe-s-yield-curve-may-hold-key-to-markets-in-2018</guid>
            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Wed, 06 Dec 2017 09:00:16 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i8byR02h4m7E/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i8byR02h4m7E/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A picture taken on October 26, 2017 shows the building of the European Central Bank (ECB) in Frankfurt am Main, western Germany.European Central Bank chief Mario Draghi said the eurozone economy still relied on &quot;an ample degree&quot; of stimulus in the face of sluggish inflation. / AFP PHOTO / Daniel ROLAND        (Photo credit should read DANIEL ROLAND/AFP/Getty Images)</media:description>
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            <title><![CDATA[Dollar Hoarding Is a Year-End Risk for Markets]]></title>
            <description><![CDATA[The effect may be more pronounced this year as tensions around the U.S. debt ceiling and competing tax bills cause the greenback to appreciate.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-11-22/dollar-hoarding-is-a-year-end-risk-for-markets</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Wed, 22 Nov 2017 08:00:10 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ivs1eis79IJ4/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ivs1eis79IJ4/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A man holds up dollar bills in a money exchange office on November 21, 2017 in Istanbul.  The Turkish lira hit record lows in value against the US dollar on November 21 as investors took fright over an impending trial in the United States and changes to banking regulations. / AFP PHOTO / YASIN AKGUL        (Photo credit should read YASIN AKGUL/AFP/Getty Images)</media:description>
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            <title><![CDATA[The One Yield Curve That Should Concern Powell]]></title>
            <description><![CDATA[Overnight index swaps suggest the economy will be weak  enough a year from now to warrant rate cuts.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-11-13/the-one-yield-curve-that-should-concern-powell</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Mon, 13 Nov 2017 11:30:10 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUv.11y3sN6s/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iUv.11y3sN6s/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Jerome Powell, governor of the U.S. Federal Reserve and President Donald Trump&apos;s nominee as chairman of the Federal Reserve, arrives to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. If approved by the Senate, the 64-year-old former Carlyle Group LP managing director and ex-Treasury undersecretary would succeed Fed Chair Janet Yellen. Photographer: Olivier Douliery/Bloomberg via Getty Images</media:description>
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            <title><![CDATA[Bond Outlook Gets Gloomier in Forward Rate Markets]]></title>
            <description><![CDATA[The next bear market is likely to be characterized by a slow grind to very low returns rather than a sudden sell-off.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-11-03/bond-outlook-gets-gloomier-in-forward-rate-markets</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Fri, 03 Nov 2017 16:00:10 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iwWKgbQchcxU/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Two grizzly bears play in their pool at the zoo in La Fleche, northwestern France, on march 27, 2016. / AFP / JEAN-FRANCOIS MONIER        (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images)</media:description>
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            <title><![CDATA[Rule-Based Monetary Policies Will Keep Volatility Low]]></title>
            <description><![CDATA[When central bankers are predictable, there tend to be fewer surprises for markets.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-10-26/rule-based-monetary-policies-will-keep-volatility-low</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Thu, 26 Oct 2017 05:30:09 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iBR39HgJdgrc/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>The Wall Street sign near the front of the New York Stock Exchange August 5, 2011.  AFP PHOTO/Stan HONDA        (Photo credit should read STAN HONDA/AFP/Getty Images)</media:description>
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            <title><![CDATA[Bond Market Bubbles Exist If You Know Where to Look]]></title>
            <description><![CDATA[There are two potential trouble spots: U.S. investment-grade corporate debt and European government securities.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-10-17/bond-market-bubbles-exist-if-you-know-where-to-look</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Tue, 17 Oct 2017 09:00:36 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/irwWPoSItgGA/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/irwWPoSItgGA/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>A Sri Lankan vendor sells bubble liquid on the Galle Face promenade in Colombo on September 6, 2017. / AFP PHOTO / ISHARA S. KODIKARA        (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)</media:description>
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            <title><![CDATA[Currency Convertibility Is Back as a Risk in European Bonds]]></title>
            <description><![CDATA[Markets see a risk that Catalonia may inspire populist movements across Europe, threatening the euro.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-10-09/currency-convertibility-is-back-as-a-risk-in-european-bonds</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Mon, 09 Oct 2017 05:30:09 GMT</pubDate>
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                <media:description>SANT JULIA DE RAMIS, SPAIN - OCTOBER 01: A man dressed in the Catalonian flag confronts officers as police move in on the crowds as members of the public gather outside to prevent them from stopping the opening and intended voting in the referendum at a polling station where the Catalonia President Carles Puigdemont will vote later today on October 1, 2017 in Sant Julia de Ramis, Spain. More than five million eligible Catalan voters are estimated to visit 2,315 polling stations today for Catalonia&apos;s referendum on independence from Spain. The Spanish government in Madrid has declared the vote illegal and undemocratic.  (Photo by David Ramos/Getty Images)</media:description>
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            <title><![CDATA[Inflation Is No Mystery to the Bond Market]]></title>
            <description><![CDATA[Periods of slow inflation often lead to bouts of faster inflation, just like when energy prices bottomed in early 2016.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-09-28/inflation-is-no-mystery-to-the-bond-market</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Thu, 28 Sep 2017 10:00:14 GMT</pubDate>
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                <media:description>397612 05: New Series 2001 one dollar bill notes pass through a printing press November 21, 2001 at the Bureau of Engraving and Printing in Washington, DC. The new dollar bills contain the signatures of U.S. Treasury Secretary Paul O&apos;&apos;Neill and U.S. Treasurer Rosario Marin. (Photo by Alex Wong/Getty Images)</media:description>
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            <title><![CDATA[Bond Tantrums Should Be Considered Good Economic Omens]]></title>
            <description><![CDATA[Rising debt yields that reflect stronger economic growth may actually function as an “easing” for equities.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-09-21/bond-tantrums-should-be-considered-good-economic-omens</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Thu, 21 Sep 2017 07:00:07 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iTzQmI8u1geI/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>circa 1952:  Little Peter Moore throws a temper tantrum while on a visit to Bournemouth, Dorset.  (Photo by Evening Standard/Getty Images)</media:description>
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            <title><![CDATA[Fed Leadership Changes May Bring a GDP-Focused Agenda]]></title>
            <description><![CDATA[A makeover at the central bank is on the horizon, and it may be bigger than the market currently discounts.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-09-13/fed-leadership-changes-may-bring-a-gdp-focused-agenda</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Wed, 13 Sep 2017 17:00:13 GMT</pubDate>
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                <media:description>WASHINGTON, DC - JULY 13:  Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Houseing and Urban Affairs Committee in the Dirksen Senate Office Building on Capitol Hill July 13, 2017 in Washington, DC. Yellen testified during the hearing about &quot;The Semiannual Monetary Policy Report to Congress.&quot;  (Photo by Chip Somodevilla/Getty Images)</media:description>
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            <title><![CDATA[The Simple Reason Why Buy the Dip Rules Investor Behavior]]></title>
            <description><![CDATA[Since the 1990s, the assumption has been that when things get bad, central banks will come to the rescue.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-09-08/the-simple-reason-why-buy-the-dip-rules-investor-behavior</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Fri, 08 Sep 2017 05:30:07 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i0T3dla8bJas/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i0T3dla8bJas/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>The &quot;Fearless Girl&quot; (front) statue stands facing the &quot;Charging Bull&quot; as tourists take pictures in New York on April 12, 2017. A battle is heating up between two iconic New York statues, the legendary &quot;Charging Bull&quot; and new kid on the block &quot;Fearless Girl,&quot; with gender equality, artistic integrity and copyright issues at stake. The Italian-American artist who created &quot;Charging Bull,&quot; which has stood south of Wall Street for nearly 30 years, alleged Wednesday that &quot;Fearless Girl&quot; breached his copyright, distorted his artistic message and should be moved elsewhere.The work of US artist Kristen Visbal, the bronze &quot;Fearless Girl&quot; was installed last month, standing defiant, hands on hips and chin jutting out, directly challenging the bull. / AFP PHOTO / Jewel SAMAD        (Photo credit should read JEWEL SAMAD/AFP/Getty Images)</media:description>
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        <item>
            <title><![CDATA[What a Strong Euro Means for the U.S. Debt Ceiling Debate]]></title>
            <description><![CDATA[There's a risk the greenback will "overshoot" on the downside, creating a crisis of confidence.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-08-31/what-a-strong-euro-means-for-the-u-s-debt-ceiling-debate</link>
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            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Thu, 31 Aug 2017 09:00:26 GMT</pubDate>
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                <media:description>SAN ANSELMO, CA - AUGUST 29: In this Photo Illustration, One and five dollar bills are displayed on August 29, 2017 in San Anselmo, California. The dollar fell to a two and a half year low to 91.77 Tuesday following the latest missile launch by North Korea. The U.S. dollar index has slipped over 10% since the inauguration of U.S. President Donald Trump.  (Photo Illustration by Justin Sullivan/Getty Images)</media:description>
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        <item>
            <title><![CDATA[The Shape of the Phillips Curve Should Worry Markets]]></title>
            <description><![CDATA[Inflation may not be as stable as generally believed, and the bigger risk may be disinflation.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-08-23/the-shape-of-the-phillips-curve-should-worry-markets</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2017-08-23/the-shape-of-the-phillips-curve-should-worry-markets</guid>
            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Wed, 23 Aug 2017 10:45:45 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/itmdtN45.Kww/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>CHERTSEY, ENGLAND - APRIL 17: People ride the new Stealth rollercoaster at Thorpe Park on April 17, 2006 in Chertsey, England. Thousands of people flocked to see the new Rollercoaster &apos;Stealth&apos; as the latest addition to Thorpe Park.Stealth is hailed to be the fastest and tallest launch rollercoaster in Europe, travelling to dizzying heights of 205ft on the ride that accelerates from 0-80mph in 2.3 seconds.  (Photo by Daniel Berehulak/Getty Images)</media:description>
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        <item>
            <title><![CDATA[When Risk-Off Dominates Markets, Economies Usually Suffer]]></title>
            <description><![CDATA[When risk is not measurable, the distribution of possible outcomes is highly uncertain.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-08-15/when-risk-off-dominates-markets-economies-usually-suffer</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2017-08-15/when-risk-off-dominates-markets-economies-usually-suffer</guid>
            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Tue, 15 Aug 2017 07:00:07 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imXUicMrRdEc/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>The New York Stock Exchange (NYSE) stands in New York, U.S., on Friday, June 9, 2017. U.S. stocks reached intraday records and the dollar rose, but the British pound tumbled as the U.K.&apos;s ruling Conservative Party lost its parliamentary majority, plunging the country into uncertainty just days before Brexit negotiations were due to start. Photographer: Michael Nagle/Bloomberg via Getty Images</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[What Greenspan Gets Wrong -- and Right -- About Bubbles]]></title>
            <description><![CDATA[Corporate debt and German bunds may be the most at risk from a sell-off.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2017-08-08/what-greenspan-gets-wrong-and-right-about-bubbles</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2017-08-08/what-greenspan-gets-wrong-and-right-about-bubbles</guid>
            <category><![CDATA[view]]></category>
            <dc:creator><![CDATA[Ben Emons]]></dc:creator>
            <pubDate>Tue, 08 Aug 2017 09:30:06 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iELdmLP_ou6o/v0/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iELdmLP_ou6o/v0/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>La bulle de chewing-gum de ce jeune garon a explos sur son visage alors qu&apos;il disputait le championnat des &apos;Souffleurs de chewing-gum&apos;,  Londres, Royaume-Uni le 20 dcembre 1979. (Photo by Keystone-France/Gamma-Rapho via Getty Images)</media:description>
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