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Consigliere

How the Federal Open Market Committee incorporates the 2.8% year over year increase in prices is anyone's guess. In the near past, the Committee's voting members have commented that a two percent inflation rate need not exist at the moment in time when a decision to cut the interbank overnight rate is made. The decision can be made to trim the engine and go to ten-degree flaps as the economy approaches the two-percent target runway. FOMC members have been cautioning the markets that the markets should hold their horses as the FOMC waits for best data.   #prices #food #energy #utilities #banks

It appears that the foreign exchange and bond markets were ready for the PCE report.

It appears that the foreign exchange and bond markets were ready for the PCE report.

http://altondrewtrades.blog

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