coolhand
Well-known member
imported post
As I expected, the dollar began to rally yesterday. There is uncertainty next week ahead of the FOMC. Are rates going to be increased at a "measured" pace (.25%) or will the fed react a little more aggressive with a .5% hike? Perhaps even more important, what will AG have to say about the economy moving forward?
Since the TIC came in hot this week, that may act to keep the increases at their current .25% pace. Any increase in the rate will probably keep the dollar in rally mode barring any other event causing pressure tothe contrary.
On another note, the PPI and core PPI get released Tuesday (the same day the FOMC announces their rate decision). The following day (23 Mar) the CPI and core CPI get released. Thecore PPIis expected to settle down after last months read from January (.8%), but what can we expect?
I have no answers, but wanted to point out these eventsfor consideration.I will be in Key West all next week so I'm not sure I'll be posting after today till I get back.
May want to hold on tothat four leaf clover for a bit. LOL
As I expected, the dollar began to rally yesterday. There is uncertainty next week ahead of the FOMC. Are rates going to be increased at a "measured" pace (.25%) or will the fed react a little more aggressive with a .5% hike? Perhaps even more important, what will AG have to say about the economy moving forward?
Since the TIC came in hot this week, that may act to keep the increases at their current .25% pace. Any increase in the rate will probably keep the dollar in rally mode barring any other event causing pressure tothe contrary.
On another note, the PPI and core PPI get released Tuesday (the same day the FOMC announces their rate decision). The following day (23 Mar) the CPI and core CPI get released. Thecore PPIis expected to settle down after last months read from January (.8%), but what can we expect?
I have no answers, but wanted to point out these eventsfor consideration.I will be in Key West all next week so I'm not sure I'll be posting after today till I get back.
May want to hold on tothat four leaf clover for a bit. LOL