Fed
We came across a difference in what was stated in the Policy Statement before: they are backing off and taking out from the statement what said about “additional firming”, that can suggest that we can be seeing a interest–rate cut instead of a raise in a short future.
This is making both the stock and bonds rise higher.
Also a concern within the statement under the Feds eyes, is that the Core inflations it’s still high. Fed will not cut rate in mean while the core inflation stays above the feds target zone.
But we might see some changes, because the bond market seems to be adjusting, yesterday prices closed off the best level.
Reports show that the labor market it strength is getting better, because jobless claims reported 316,000 this number seem lower than the expectations and it’s the lowest level that we have seen in the past 6 weeks.
The leading Economic Indicators reported at -0.5% very little off the expectation they of -0.3%.
If you have any questions, please call or email Alex Aguilar
Alex Aguilar
www.alexaguilar.com