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Economic News on Deck

So we have the consumer price index (CPI) to be released in 15 minutes–forecast is for flat numbers month over month on the headline number and the core rate. Let’s face it no one knows what the number will be – just a bunch of ‘guesses’ out there.

Then we have the FOMC announcement at 1 p.m. (central) followed by the Jay Powell presser–the presser is more important than the ‘announcement’ which we all know will be a ‘no rate change’ announcement.

Markets are pretty quiet right now awaiting the number with interest rates on the 10 year at 4.39%–we could see giant moves in rates today-this could be a 10-15 basis point move day.

Nothing to do today except watch–can’t be a seller on bad news and can’t be a buyer on good news since good decisions can’t be made on 1 piece of data and if a person was so fearful of a number they should have sold yesterday and if one was so confident in a great number buying should have happened yesterday. With bunches of CDs maturing tomorrow and Friday I will factor today’s data into my decisions of where to deploy money

6 thoughts on “Economic News on Deck”

  1. Not much happening after JPowell & one (2?) projected increase possible.
    But- 10yr is off about 2.4%

  2. Tim
    Is it possible to have some sort order available on search. For example, I would like to see the latest comment on a ticker symbol and would like to see the most recent one on top. Not sure if its a big ask but thought I would at least mention it

    1. Tim,
      Your program is already doing a search by date in descending order in the “Recent Comments” section, so you might be able to copy that logic into a new search function. You want to make sure that you limit the records returned so you don’t degrade performance, but again Recent Comments appears to be doing this since you only display a limited number of records.

    1. Thanks Pig and FL now I know why I don’t get enough sleep, I have to get up at the crack of dawn to catch the early news. Us West Coast people are 3 hours behind the times.

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