Just like the most recent BLSBS was the most important ever and yesterday's CPI was, too, today's FOMC Fedlines and Powell Presser are being pushed and promoted as MUST SEE TV. But I guess that's what it has come to with our 24-hour news cycle and a financial industry that relies upon volatility for fee and revenue generation.
Again, the entire plan for tapering and ending the rate hike scheme was laid out by Jerry at the September FOMC. Back then, he said to expect a 75 basis point fed funds hike in November, a 50 basis point hike in December and another 25 basis points in early...
