St. Louis Fed Pres. Musalem is scheduled to speak at the top of the hour. Musalem is a voting member in 2025. Back on October 7, Musalem spoke and said:

• More rate cuts likely given economic outlook.
• Won't predict timing or size of future Fed easings.
• Personal rate outlook is above Fed’s median view.
• Costs of easing too much outweigh easing too little.
• Supported Fed’s decision last month to cut rates by 50 basis points.
• Policy patience has served Fed well.
• Cooler job market still consistent with strong economy.
• Expects inflation pressures to continue to abate.
• Expects inflation to converge to 2% over next couple of quarters.
• Financial conditions remain supportive of growth.
• Some economic activity slowed by rate policy, election uncertainty.

That was over a month ago. So how he weighs in now will be interesting given the backup in yields and other economic and other developments since that time

• Risks to the jobs market have remain unchanged or have fallen
• Fed may be on the 'last mile' to price stability, inflation expected to converge to 2% over the medium term
• Monetary policy well posited, Fed can 'judiciously and patiently' judge income data to decide on further rate cuts
• Strong economy on track for a 'solid' fourth quarter
• Growth is broad-balanced and driven by consumption, income growth, productivity, supportive financial conditions and wealth effects
• Recent high productivity could prove durably structural but that remains uncertain
• Core inflation remain elevated
• Pressure in services industries slowly abating

This is the third Fed official who has floated some more-hawkish hints. It's hardly a signal of a pause in December but early 2025 is going to be interesting. There are meetings in January, March and May. Assuming a cut in Dec, there is one cut fully priced in for that period (and a smidge more).

That sounds about right based on the comments and data but that's going to swing based on the next set of numbers and beyond.

More hawkish comments from the St Louis Fed President

• Inflation data is also stronger but has not yet changed view that policy is on a path to neutral
• There is likely space for a gradual easing of policy towards neutral rate
• Stronger data likely pushing Treasury yields higher
• Too soon to understand new administration
• Rising bond yields also offer a sense of higher inflation risk and some sense the Fed may not cut as much

In A.D. 637 Jerusalem was surrendered to the Saracens. The caliph of the Saracens called Omar gave guarantees for the safety of the Christian population and because of this pledge the number of pilgrimages to Jerusalem still continued to increase. In 1065 Jerusalem was taken by the Turks, who came from the kingdom of ancient Persia. 3000 Christians were massacred and the remaining Christians were treated so badly that throughout Christendom people were stirred to fight in crusades. The Knights Templar were formed to to ensure the safety of the pilgrims of the Middle Ages who flocked towards Jerusalem. Their original name was the Poor Fellow-Soldiers of Christ. ... the Temple of Soloman At first the Knights Templar had no church and no particular place of to live. In 1118, nineteen years after the freeing of Jerusalem, King Baldwin II of Jerusalem, granted the Knights Templar a place to live within the sacred enclosure of the Temple on Mount Moriah. This place was amid the holy structures which were exhibited by the priests of Jerusalem as the Temple of Solomon. The "Poor Fellow-soldiers of Jesus Christ" became colloquially known as "the Knighthood of the Temple of Solomon" and subsequently the Knights Templars. ... They were received with great honour by Pope Honorius, who approved of the objects and designs of the holy fraternity. The Knights Templar History moved on and in 1128 the ecclesiastical Council of Troyes gave the Knights Templar official recognition and granted their rule of the order. The Council of Troyes was instigated by Bernard of Clairvaux and the Knights Templars were represented by Hugues de Payen and Andre de Montbard. The Papal approval at the Council of Troyes resulted in many new recruits joining the order - the Rules of the Knights Templar Order: In 1130, Bernard of Clairvaux drew up the rules for the new Knights Templar order. Bernard set up the order with two main classes of knighthood, the knights and sergeants or serving brethren. Sergeants or serving brothers wore a black or brown mantle to show their lower status, whilst the Knights wore a red cross granted by Pope Eugenius III. Married men who joined the order could only join as sergeants, their property coming into the possession of the Order rather than to their wives upon their death. - A Papal Bull was issued in 1139 by Pope Innocent II, a protege of St. Bernard of Clairvaux, stating that the Knights Templar should owe allegiance to no one other than the Pope himself. - The Knights Templar History saw 1146 as the year when the Knights Templar order adopted the splayed red cross as their emblem. The Battle cry of the Templars was "Beau-Séant!" which was the motto they bore on their banner. - The Knights Templar order supported the second crusade in 1148. The decision was made to attack Damascus and armies were assembled in Acre. ... The army of Jerusalem and Guy of Lusignan, the King of Jerusalem, was beaten by Turkish forces in 1184. All Knights Templar and Hospitallers who survived the battle were executed afterwards. This event prompted the Third Crusade headed by Richard the Lionheart who was supported by the Knights Templar order. The city of Acre is taken by the Crusaders in 1191. Richard the Lionheart dies in 1199 and is succeeded by his brother John. - The Knights Templar History goes on and in 1263 problems in England lead to the Baron's revolt led by Simon de Montford opposing Edward I. On the pretence of removing his mother's jewels, Edward I entered the Knights Templar Temple in London and ransacked the treasury, taking the proceeds to the Tower of London. In 1271 Edward leads another crusade and is attacked by an assassin with a poisoned knife. He survives the attack and his life was saved with drugs sent by the master of the Knights Templar, Thomas Bérard. In 1272 King Henry III of England died and the English Council met at the Temple in London and draft a letter to Prince Edward informing him of his accession to the throne, illustrating the political importance of the Knights Templar in England. - King Philip IV of France (1268-1314) who was already heavily in debt to the Knights Templar requested a further loan. The Knights Templar refused his request. King Philip IV subsequently ordered the arrest of all Knight Templars in France. The order to arrest the Templars was sent out several weeks before the date possibly giving the Templars time to hide their wealth. On 11 October, two days before the arrest of many Templar Knights, it is recorded in French Masonic history that Templar ships left La Rochelle, heading to Scotland. On Friday the 13th, in October 1307, Jacques de Molay, the Grand Master of the Knights Templar, and 60 of his senior knights were arrested in Paris. They were charged with heresy and accused of homosexual acts. Admissions of guilt were extracted due to the use of torture. Pope Clement V initiated enquiries into the order and thousands of Knights Templar were arrested across Europe. The Medieval order of the Knights Templar become extinct in 1312 when the order is dissolved by the Council of Vienne. Anyone found sheltering a Templar was under threat of excommunication. Much of the Templar property outside of France was transferred by the Pope to the Knights Hospitallers, and many surviving Templars were also accepted into the Hospitallers. - The Death of the last Medieval Master: The Knights Templar leader Jacques de Molay and Geoffroi de Charney were burnt at the stake on March 18th 1314 for rescinding their former admission of heresy under torture. Jacques de Molay cursed the Pope and King Philip and prophesied that they would soon die. Pope Clement V was dead within 40 days and King Philip died that year. Jacques de Molay was the last Master of the Knights Templar.

At the time, most followers of Jesus (which historians refer to as Jewish Christians) were Jewish by birth and even converts would have considered the early Christians as a part of Judaism. According to Alister McGrath, the Jewish Christians affirmed every aspect of then contemporary (Second Temple) Judaism with the addition of the belief that Jesus was the Messiah. Unless males were circumcised, they could not be God's People. Genesis 17:14 said "No uncircumcised man will be one of my people." The meeting was called because, according to the NRSV translation of Acts 15:1-2, "Unless you are circumcised according to the custom of Moses, you cannot be saved." However, this command is given considerably before Moses' time, stemming from the time of Abraham (see also Abrahamic covenant), but it is cited as 'the custom of Moses' because Moses is the traditional giver of the Law as a whole. And then the circumcision mandate was made more official and binding in the Mosaic Law Covenant. Jesus himself also says in John 7:22 that Moses gave the people circumcision. It was hard for Gentile Christians to keep up with all the laws listed in the Jewish Scriptures, which many Christians came to generally call the "Old Testament", a term linked with Supersessionism.

Excellent!!

The Council of Jerusalem: We may prove this quite readily by turning to Acts 15:6-31, where we read of the first General Church Council. A serious question of doctrine arose, and "the apostles and the presbyters came together to consider this matter" (Acts 15:6). After hearing the arguments and testimony of Peter, Paul and Barnabas, the leader of the Council, James [half brother of Jesus, writer of the book of James], then passed a decree with the words, "Therefore I judge" (Acts 15:19, 'dio ego krino'). This passage describes no truly democratic process, but rather it describes submission to the judgment of a central ecclesiastical authority [an authority completely submitted to Jesus Christ]. -- After receiving the judgment of James, "it pleased the apostles and presbyters together with the whole Church" (Acts 15:22: 'apostolois kai tois presbyterois syn hole ekklesia') to dispatch delegates with a letter promulgating the decree of the Council. The council then drafted a letter in the name of "the apostles and the brother-presbyters" (Acts 15:23: 'hoi apostoloi kai hoi presbyteroi adelphoi'). This phrasing, and especially the apposition of 'presbyteroi' and 'adelphoi', is quite precise in establishing the authority of the decision of the Council in the office of the ministers who serve and lead the Church, as opposed to a democratic process. -- Does the phrase "whole Church" here refer to the universal Church, or merely to the entirety of the congregation at Jerusalem. Recalling that the leadership of the Council was comprised of the apostles who were planting local churches in the Hellenistic world, delegates of the Hellenistic churches, and the presbyters of the church at Jerusalem, we can only rightly conclude that they spoke in the name of the universal Church. Indeed, the letter explicitly states that the authors speak in the authority of the Holy Spirit (Acts 15:28); since Paul tells us that it is by one Spirit that we were baptized into one body (1 Cor. 12:13) which is Christ (1 Cor. 12:27) and over which Christ is the head (1 Eph. 1:22-23), when Luke writes in Acts 15:22 of the leadership of the whole Church assenting to the decree of James which is binding on all Gentile Christians, he is necessarily speaking of the Church in its universal or catholic sense. -- The Council then sent the letter to the local churches in Antioch, Syria and Cilicia. This letter remarks that the false doctrine which the council repudiated was in fact discernibly false because "we gave no such commandments" (Acts 15:24). Hence, the Bible tells us that right doctrine is subject to the discernment of the leadership of the whole Church. The decree of the Council of Jerusalem went on, then, to establish a binding obligation upon all Christians in the local churches of Antioch, Syria and Cilicia: "that you abstain from things offered to idols, from blood, from things strangled, and from sexual immorality" (Acts 15:29). Did the local churches bristle at this imposition of doctrine and practice from the ecclesiastical leadership of the whole Church? Not at all, but rather they "rejoiced over its encouragement" (Acts 15:31). Clearly, the Bible itself sets a precedent for the government of the universal Church by means of General Councils.

Garden Tomb: A Color photo of a New Testament style tomb like the one Jesus was buried in. Arguments abound over whether or not this is the tomb of Jesus. Although this is not the traditional site, it is very similar to the tomb described in the Bible and is an excellent image for illustration. tomb, Jesus, burial, garden tomb, resurrection, Jerusalem.

•  Friendly staff and excellent food! (Loved the fresh orange juice and the fry jacks for breakfast) 
• Clean and comfortable room (Loved the fridge and coffee maker) 
• Beautiful surroundings and wonderful sounds of the jungle (Orange trees, flowers, howler monkeys, horses galloping, and birds, plus roosters too!) 
• Refreshing pool and relaxing hammocks…aahhhh! 
• Daytrips to the ruins, cave tubing with David, the Blue Hole to swim, and driving on the beautiful Hummingbird Highway. 
• Also, the visit to Iguana Conservation Project in San Ignacio, was lots of fun (I think I’ve already taken over 1000 photos in three days)

Fr. Thomas takes a closer look at the "Celebration of the Kingship of Christ."

Fr. John Whiteford uses Acts 15 to stress the importance of morality and councils.