Commodity traders are pumping everything, gold, oil, copper, cattle, hogs, everything I checked.
If they continue to do so, it will force the Fed to go .5% regardless of CPI. A Fed member speaks every day next week, at least one of them will probably say something.
Not as bullish as I was earlier today. Besides, CPI of 6.5% is still above 2% target.
They can't undo QE because they're under water on all of their MBS, so they're slowly letting them expire. I think interest rates will have to remain high until their balance sheet goes down. Take a look at this chart (and now you know why I keep calling Powell stupid):
federalreserve.gov/monetarypolicy/bst_recenttrends.htm
If they continue to do so, it will force the Fed to go .5% regardless of CPI. A Fed member speaks every day next week, at least one of them will probably say something.
Not as bullish as I was earlier today. Besides, CPI of 6.5% is still above 2% target.
They can't undo QE because they're under water on all of their MBS, so they're slowly letting them expire. I think interest rates will have to remain high until their balance sheet goes down. Take a look at this chart (and now you know why I keep calling Powell stupid):
federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Заметка
Funny thing occurred to me....Market celebrates easing inflation by pumping commodity futures, lol. Talk about self defeating.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.