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Spotlight on the Fed / Economy
By Mark O’Brien, Senior Broker
Right up to yesterday’s Producer Price Index, the U.S. economy has posted inflation measurements not seen in four decades. And yet, stocks
continue to rally (the latter an inverse relationship to interest rates) and gold
remain under pressure.
Reading into this, from the Fed.’s standpoint (and they look at numerous other data points to guide their policy), they have felt they can remain cautious in their stance on raising interest rates – at least until pandemic-related influences on the economy abate (think supply chain shortages and resulting higher demand and prices for goods). With that said, the thinking on rate policy has indeed begun to stir. The argument that inflation is mostly transitory has been challenged – by rising wages and pretty resilient energy prices – a category traditionally kept outside core inflation measurements. It seems the last several FOMC meetings have been deemed the defining moment for the Fed. and their stance for the future of the U.S. economy. Stay tuned.
Introducing Micro Ether Futures
At 1/10 the size of one ether, Micro Ether futures (MET) provides a precision, efficient, cost-effective way to manage your exposure to one of the largest cryptocurrencies in the world by market capitalization.
- Features & Benefits
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
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Economic Reports, Source:
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