The Fed meeting and the elections – will either move these markets?
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Hey Chris, hello from DuPage County, land of obscenely high property taxes! Always enjoy your comments, thanks.
Obscene, all right! Not a whole lot better in Lake County.
…As I devour a scoop of Oberweis premium ice cream. Looks like Jim Oberweis is about to get “creamed” in the Senate race vs Durbin (unfortunately.
Hi Chris, Zerohedge reports some analyst saying not “lower for longer” but “sooner but slower”?.. what’s your take?
Some on the Fed might like to do that, for sure – if for no other reason than to give them some room to turn around and ease if need be in the future. Such a decision will be dictated by how the US$ and markets behave, and what THEY will tolerate. The # 1 goal is to keep the long end of the rate curve anchored. #2 is to make sure any resulting US$ rise doesn’t get out of hand.
Thanks so much.!
Thank you Chris. Insightful as always. I certainly agree we will see the last taper. I don’t expect much fireworks as a result either. For the most part the market has digested the idea of Taper and there won’t be anyone shouting “FIRE” in a crowded theater or other similar panic behavior. I do however think the Fed will want to be very careful with their language during this next meeting and won’t be inclined to say anything new that might spook the investment community. In a nutshell, this might just be the dullest meeting we have seen in the past two years and that in itself should be comforting.
I like Ben… remember last time he put a little dazzling twist on his dancing floor and deferred the actual start of taper by one FOMC meeting.. Chair Yellen seems to lack of that and could very well be as dull as you said!
The Fed and elections have already moved the markets.
Oh Bo? Bo? Bo? where are you Bo?