Authored by Kevin Muir via The Macro Tourist, Going to make today's post short and sweet.
Recently the market has gotten somewhat excited that the Federal Reserve might slow down the rate of Federal Funds tightening.
Between these three concerns, the market has built a “dovish hike” into today's FOMC announcement.
The Federal Reserve will hike at least every other meeting until something breaks.
I know true Fed-watchers will tell me that initial claims and CPI are not preferred Federal Reserve indicators, but that's splitting hairs.