Over the past two weeks new uncertainties have begun pouring into the markets, like the deluge of rain currently striking the west coast—I spent part of last week in Los Angeles. However, unlike what’s happening over the west coast, the storms investors faced were mostly avoidable. It all began with legitimate concerns over tightening Chinese […]
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FOMC Announcement
Overall, the statement seems more upbeat in terms of economic activity, but seems to place a potentially higher risk of deflation, “With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.” The Fed reiterated they will end […]
On the economics front this week we have a rather light calendar compared to last week, but not without some significant releases. The weeks starts out slow with no noteworthy releases on Monday, followed up by productivity and costs on Tuesday. The week closes with the hard hitting trifecta of July’s CPI, June’s Industrial Production, […]