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TFMR Podcast - Wednesday, May 4

54

The May FOMC has come and gone and, with it, any remaining sense of Fed credibility.

What a joke. What a painful joke. As your friendly host, it's always incumbent upon me to pay attention and monitor events like today's "press conference" and, what did I hear today? Not much, but this doozy sure caught my attention:

Powell: "The US economy is doing fairly well. It's a strong economy".
Q1 US GDP was -1.4%

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Key Economic Events Week of 8/15

8/15 8:30 ET Empire Fed Manu Idx
8/15 10:50 ET Goon Waller
8/16 8:30 ET Housing Starts
8/16 9:15 ET Cap Ute and Ind Prod
8/17 8:30 ET Retail Sales
8/17 9:30 ET Goon Bowman
8/17 2:00 ET July FOMC minutes
8/18 8:30 ET Philly Fed Manu Idx
8/18 10:00 ET LEIII
8/18 1:20 ET Goon George
8/18 1:45 ET Goon Kashnkari
8/19 9:00 ET Goon Barkin

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