Mindblown: a blog about philosophy.
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US PPI exFood/Energy MM* (May) 0.2% (Prev. 0.2%)
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US PPI ex Food/Energy/Tr YY* (May) 2.8% (Prev. 3.4%, Rev. 3.3%)
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MORNING MINUTE JUNE 14th
WILL THEY OR WONT THEY? THE MARKET AWAITS THE FED DECISION ON THE BACK OF THE S&P TOUCHING A 52 WEEK HIGH YESTERDAY, EXPECTATIONS ARE ON A PAUSE, BUT WHAT NEXT?
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END OF DAY REPORT JUNE 13th
what will the fed do tomorrow..looks like nothing but we will all be watching the DOTs to see if there is another hike coming
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US Core CPI YY, NSA* (May) 5.3% (Prev. 5.5%)
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US Core CPI MM, SA* (May) 0.4% (Prev. 0.4%)
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MORNING MINUTE JUNE 13th
All eyes turn to the CPI numbers as anything in-line will likely cause the FED to pause their hiking cycle, but anything higher and the rate juggernaut will continue trucking on
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END OF DAY REPORT JUNE 12th
The markets and many economists expect the Federal Reserve to keep rates unchanged this week while keeping the door open for a hike as soon as the next meeting in July — a “hawkish pause” that some Fed officials are calling a “skip.”
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The US is reportedly preparing evacuation plans for US citizens living in Taiwan amid “heightened level of tension”, according to sources cited by The Messenger; “The fact that the US is doing this doesn’t mean that they expect there will be a war” “The planning has been underway for at least six months and “it’s heated up over the past two months or so,”” “The fact that the U.S. is doing this doesn’t mean that they expect there will be a war. It’s only a statement that there could be a war.”
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Former Fed Vice Chair Clarida says going to see less policy support during downturns in the future; central banks showing signs of QE fatigue May be more difficult to get inflation near 2% than in the past 15yrs because of supply shocks.
Got any book recommendations?