June 23, 2021

The Fed Blinks...Again!

The Fed Blinks...Again!

Last week it appeared that the stars had aligned. That, for the first time since the Pandemic's Economic Lock-Down, that the Fed would return to a more normal interest rate policy.
 
Inflation, seemingly the Fed's most important indicator for raising rat...


Last week it appeared that the stars had aligned. That, for the first time since the Pandemic's Economic Lock-Down, that the Fed would return to a more normal interest rate policy.

 

Inflation, seemingly the Fed's most important indicator for raising rates, inflation was now above their 2% benchmark.

 

Employment, the other principal mandate, was rising. We had seen job vacancies skyrocket, to nearly 10 million available positions. While the unemployment rate had slipped to just 5.8%, nearly half of the rate of last year at this time.