The Pending Policy Error

49
Wed, Oct 27, 2021 - 11:00am

As we've been discussing the past couple of weeks, The Fed is again being reactive instead of proactive and, as usual, this will come with economic consequences. The term "policy error" is one that you're going to hear quite often over the next week so let's take some time today to explain what it means.

In short, The Fed is always behind the curve to some extent. They've conditioned all markets to be fully reliant upon their policies, yet they consistently make policy decisions based upon an accumulation of data that stretches back months, if not years. Again, this leads them to...

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Key Economic Events Week of 11/29

11/29 10:00 ET Pending Home Sales
11/29 3:00 ET Chief Goon Powell
11/30 10:00 ET CGP and Mother to Capitol Hill
11/30 9:45 ET Chicago PMI
11/30 10:00 ET Consumer Confidence
11/30 1:00 ET Vice Goon Chlamydia
12/1 8:15 ET ADP jobs report
12/1 9:45 ET Market Manu PMI
12/1 10:00 ET ISM Manu PMI
12/1 10:00 ET CGP and Mother to Capitol Hill
12/2 8:30 ET Goon Bostic
12/2 11:30 ET Goon Daly
12/3 8:30 ET BLSBS
12/3 9:45 ET Markit Services PMI
12/3 10:00 ET ISM Services PMI
12/3 10:00 ET Factory Orders

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