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TFMR Podcast - Wednesday, May 19

63

What a wild and volatile day we had and there can be no assurance that tomorrow will be any better. Despite repeated assurances from Chief Goon Powell three weeks ago that The Fed "hadn't even begun to think about discussing a QE taper", suddenly today's FOMC minutes revealed something quite different. What's the deal?

If you've been around here for a while, then you already know what the deal is. The only reason The Fed waits three weeks to release their FOMC minutes is so that they have time to adapt or amend them to anything that happens following the meeting in question. And...

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Key Economic Events Week of 8/2

8/2 9:45 ET Markit Manu PMI
8/2 10:00 ET ISM Manu PMI
8/3 10:00 ET Factory Orders
8/4 8:15 ET ADP Jobs report
8/4 9:45 ET Markit Service PMI
8/4 10:00 ET ISM Service PMI
8/6 8:30 ET BLSBS

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