Hanging Tough

Though it appears that we're still in the two-steps-back mode.

Wed, Feb 13, 2019 - 12:06pm

Today's CPI was mild and bland and this has helped to spur the Comex metals slightly higher. Remember, the official "dual mandate" of the Fed includes 2% price inflation so anything below that level leads their fuzzy-headed academics to conclude that monetary conditions are too tight.

Here's your CPI summary from ZH. Remember that the Producer Price Index comes tomorrow: https://www.zerohedge.com/news/2019-02-13/us-consumer-price-growth-slowe...

And do...

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Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

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