Fed Double Talk Spurs Markets
Lower growth, higher stagflation, lower rates for banks... say what??
Fed head Kohn says he does not expect elevated inflation rates to last, noting that growth risks are a bigger threat.
Shhhh, dont tell him... Richmond Fed Manufacturing Index (following New York & Philly) fell to -5, under zero means contraction.
And... PPI was screaming double digits with a 1% sequential increase.
This is common to the latest Fed double talk, which is in line with the Feds true mission...
of inflation & currency debauch, indicating that further rate cuts are to come.
Despite bad news on every other front, the markets cheered ignorantly and the band played on.
Fed head Kohn says he does not expect elevated inflation rates to last, noting that growth risks are a bigger threat.
Shhhh, dont tell him... Richmond Fed Manufacturing Index (following New York & Philly) fell to -5, under zero means contraction.
And... PPI was screaming double digits with a 1% sequential increase.
This is common to the latest Fed double talk, which is in line with the Feds true mission...
of inflation & currency debauch, indicating that further rate cuts are to come.
Despite bad news on every other front, the markets cheered ignorantly and the band played on.
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