The Fed might be proven right that inflation is 'transitory,' but after how much damage? Let's get out our Econ 101 books and review.
The consumer price index surprises to the upside and the Fed meeting minutes are out. Here's my take on both.
While rates are playing havoc with growth stocks, there is other rotational action going on.
Equities did close almost sharply lower than where they had been early on Thursday afternoon. You do want to see how this looks on a chart.
There are two primary things to watch for during this selloff.
Plus, a look at where central bank policies appear to be heading.
Let's look at sentiment, bonds and, yes, rates.
The market had a strange reaction to the initial headlines out of the Fed, and even now it's unclear how long the liquidity taps will remain open.
We rallied, because China's President Xi and Fed Chair Powell made decisions that they knew would lead to rallies.
Like spilled milk, there is no use in crying over lost monetary opportunity that only increases economic risk at a bad time fiscally now.