The Fed would very much like to see calm and stable markets as it considers its first interest rate increase off the zero bound on September 16-17 next week.
Let’s see if they can get what they want, one way or another.
There was intraday commentary here that was prompted by the Consumer Metrics statement about the US that Among Major Economies, Only the Chinese Numbers Are More Suspect.
Either I am getting smarter as I get older, or these fellows are not bothering to hide their antics as well as they once did.
PPI might be interesting on the 11th, although it may be overlooked by the commemoration of the horrific loss of life on 911. I do not think I will ever forget it.
Have a pleasant evening.
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