Citi Economic Surprise Index Fell Since December Rate Hike

By Anthony B. Sanders

Fed Holds Target Rate The Same

Well, The Fed gave their expected news: no rate hike at the May 2nd meeting and they proclaimed that inflation is just around the corner.

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Bloomberg: The FOMC’s two-day meeting followed the release of data Monday that showed inflation measured by the central bank’s preferred gauge had hit its 2 percent target after being below that goal for almost every month since April 2012.

You mean that the core PCE deflator YoY wasn’t 2% in January through March 2017??

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The Federal Reserve is like the gremlin from the Bugs Bunny video.

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Gary

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