FOMC, Inflation, China, Extreme Fear, And This Just Hit A 10 1/2 Year High…(First Shutdown…)

Thursday, November 8, 2018
By Paul Martin
November 08, 2018

Here is a quick update on the FOMC, inflation, China, extreme fear, plus this just hit a 10 1/2 year high.

FOMC Statement
November 8 (King World News) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness: What I’m watching out for in today’s FOMC statement that I believe will have the most relevance is what they say on inflation and housing. The labor market comments will be solid as will other references to the economy. I mention housing because we know it’s slowing but will it matter enough for them to alter the rate hike/QT path…

On inflation, just about every single CEO talked about raising prices on their quarterly conference calls to offset rising cost pressures. On the other hand, the Fed likes to mention market based inflation expectations which have moderated coincident with the drop in oil prices and they cite the inflation expectation figures from the consumer confidence numbers which have also fallen. I’d be focusing on what CEO’s are actually saying because it is a precursor of what’s to come.

The Rest…HERE

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