The 2% Target Has Been Abandoned
Overview: The Federal Reserve concluded its October meeting and as expected, lowered the fed funds rate by 25bp (.25%). The market celebrated…until Chairman Powell said that the Fed hadn’t decided to cut another 25bp in December. This caused the market to fall, but I’m not sure under what circumstances he would have said the decision … Read more
The Decoupling Issue
This week’s 5 Things issue is now publicly available: https://deepknowledgeinvesting.com/5-things-to-know-in-investing-this-week-the-decoupling-issue/
5 Things to Know in Investing This Week – The Decoupling Issue
The US figures out that our foreign policy is subject to CCP approval and works out a deal with Australia to develop rare earth mining and refining assets. China responds by ceasing soybean purchases from the US. All of this is creating discomfort in multiple places, but how dependent do you want to be on … Read more
September CPI is 3.0%
Overview: Today, we got the September Consumer Price Index (CPI) report which showed an overall increase of 3.0% for the last year and up 0.3% for the month (annualizes to 3.7%). The annual number is up 0.1% from August and 0.1% below expectations. The monthly is up 0.3% and 0.1% below expectations. The Core CPI … Read more