If you're trying to understand why the market is going up this morning, good luck. Futures did move up a little after at 2 a.m. ET, which is when German Q2 GDP came out, slightly better than expected. China also announced a large stimulus program aimed largely at infrastructure. That's as good an explanation as any.
Kansas City Fed President Esther George , speaking with CNBC's Steve Liesman this morning, declined to say whether she would support a 50 or 75 basis point hike but she said she would want to see "three consistent months of data" before she would be convinced inflation was starting to come off its highs.
BobPisani maybe inflation peaked but federalreserve must keep 'pedal to the metal' as inflation has barely budged. rent, gas, autos, homes, food, entertainment are still sky-high and people are hurting. the FED shouldn't take advice from a bias market as it has only one objective. greed!
BobPisani maybe inflation peaked but federalreserve must keep 'pedal to the metal' as inflation has barely budged. rent, gas, autos, homes, food, entertainment are still sky-high and people are hurting. the FED shouldn't take advice from a bias market as it has only one objective. greed!