Good Morning,
Just as expected the Fed held rates steady yesterday and decided against a rate hike or decrease. They did however say that inlfation remains stubbornly persistent and their # 1 enemy. This in turn caused bond traders to initiate a minor sell off while Wall Street enjoyed a nice boost from the Fed-Speak before close. With little to no major economic reports today, tomorrow brings two high impact reports which I touched on in yesterday's blog.
Let me tell you, It's not easy being cooped up in my office with another 80 degree day here in Boston!
Have a nice day and stay tuned to see what happens tomorrow.
Cheers,
Michael
Comments(0)