The algorithm that parses prepared remarks for keywords and their emotional content initially deemed the statement hawkish, with implied probabilities for hikes rising beside the US Dollar index.
Prices have not returned to their pre-event levels, so we can infer those who actually pay attention to the remarks concur with the assessment.
The Madam Chair herself suggests we can expect 3 rate hikes in 2017.
The economy continues to improve. Labor markets are tightening and wages are rising.
This mornings PPI is a reminder that those increased costs are finding their way deeper into the machine.
It’s been a long road from the depths of the 2008 crisis. I for one am thankful that we have institutions like the FOMC to guide us back from the brink, but it's time for a new narrative…
This is a time of prosperity
VIX trading -0.81% at time of posting.