Ashes To Ashes

So Powell is saying the usual boilerplate about rates and runoff and whatever. You've also got Evans and Bullard out there backing him up. But how is a 25 basis point fed funds rate hike going to counteract $110 crude oil, $7 corn and $10 wheat? Gimme a break.

Oh, but that's what the MSM pundits will tell you. Powell is tightening. He's in charge and in control. RRRrrriiiggghhhttt . Does he look "in control" of this?...

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Key Economic Events Week of 12/4

12/4 10:00 ET Factory Orders
12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET JOLTS
12/6 8:15 ET ADP jobs report
12/6 8:30 ET US Productivity
12/7 8:30 ET Initial jobless claims
12/7 10:00 ET Wholesale inventories
12/8 8:30 ET BLSBS
12/8 10:00 ET Prelim UMich Dec.

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