[TradersCom]

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[ThePitBoss]

Economists are next to useless – make weather forecasters relevant – that said – inflation is there where it hurts the people in food and essentials just not where the drivers, academics want it. All in what counts but yeah what a monumental fail.

[TradersCom]

Fed’s Kashkar speaking in Minnesota:

Today’s CPI report was another reason to wait rather than hiking
We’re not exactly sure why inflation has been low
Data has supported my perspective on monetary policy
Fed has the luxury to see what actually happens
Why do we need to cool the economy down?

Inflation hasn’t increased with tightening labor market
There more be more slack than we think
I don’t see evidence inflation will take off
It’s unlikely a stock market correction would lead to crisis

[Assistanc3]

without wage inflation taking off, the Fed will do nothing

and why would there be wage inflation in minimum wage service jobs when you can just let someone go and hire someone else?

its a vicious cycle

[ClemSnide]

Odds for a hike by the end of December now stand at about 35%, down from 50% CME Group futures. show.

The 10-year Treasury bond yield fell toward the recent low end of its long-term trading range at 2.2%. With inflation this light, there’s not much pressure on the Fed to hike rates. Pretty hard to see how the Fed will be able to live up to its prediction of three 2017 rate hikes.

The second year in a row the Fed has ended up more dovish than originally expected – a clear signal they have no clear what they have created and where we are going

[Helmholtz Watson]

[quote=”ClemSnide” post=848]Odds for a hike by the end of December now stand at about 35%, down from 50% CME Group futures. show.

The 10-year Treasury bond yield fell toward the recent low end of its long-term trading range at 2.2%. With inflation this light, there’s not much pressure on the Fed to hike rates. Pretty hard to see how the Fed will be able to live up to its prediction of three 2017 rate hikes.

The second year in a row the Fed has ended up more dovish than originally expected – a clear signal they have no clear what they have created and where we are going[/quote]

It seems for at least the last 3 years we have been hearing hoe all is getting better and he we are again pushing it out further – hopeless policy at work

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