When is the next FOMC meeting.
I feel then all hope that the fed is not determined to get back to at least 3.75%(4% more likely).
I have come to conclusion the Fed does not care what market reaction will be.
They have got to get interest rates up in order to cover various possible scenarios.
Let's say the FED thinks, yes the economy indeed MIGHT slow down so in that case we MUST have enough bullets to drop interest rates again.
I see them looking to 3.75% to 4.00% and feel they have sent out an abundance of signals to let people know they have zero intention of holding back.
The old saw is "Don't fight the Fed".
They have done all they can to say gets used to it, we are moving those rates up.
That bounce up on the bad JR was the same old crowd that think, hey they won't be raising interest rates, they can't, not with that JR.
I say these blokes are FIGHTING THE FED.
Then the ISM came and there is inflation signal in that report, and bang they start selling.
I say it does not matter what is showing in these numbers, The Fed is going to continue to raise rates.
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