Some Pre-Powell Thoughts

What will the LIESman Shiny Head Index soar to today?

47
Wed, Mar 20, 2019 - 10:49am

There's not much to add this morning as the remainder of this week will center around Chief Goon Powell and his Fedlines this afternoon.

As we've discussed for weeks, there is ZERO chance of a fed funds rate hike this afternoon and all of the action will center around the verbiage of the Fedlines and Powell's press conference. What will he say about the course of future "policy"? What about QT? Etc, etc, blah, blah, blah.

(And if you're not familiar with the LIESman Shiny Head Index, you can read more about it here: ...

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Key Economic Events Week of 7/26

7/27 8:30 ET Durable Goods
7/27 9:00 ET Case-Shiller home prices
7/27 10:00 ET Consumer Confidence
7/28 2:00 ET FOMC Fedlines
7/28 2:30 ET CGP presser
7/29 8:30 ET Q2 GDP first guess
7/30 8:30 ET Personal Income and Spending
7/30 8:30 ET Core Inflation
7/30 9:45 ET Chicago PMI
7/30 10:00 ET UMich Consumer Sentiment

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