- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
Unsurprisingly, the big move this week was in interest rates, which reacted very poorly to the Fed’s decision to keep rates steady, and especially to new Chairman Warsh’s comments essentially abdicating the Fed’s proactive role to the markets, and also a suggestion that the Board’s meetings would take place less frequencly.. In fact, since then it appears that several other members of the Board are in open rebellion, particularly against the latter suggestion.
In any event, as usual clicking over and reading will bring you up to the virtual moment as to the state of the data, and bring me a penny or two in lunch money.
