HEI: ‘Plain English’ goes awry – again

THE HEISENBERG writes: “Anecdotally, the market reaction to the Fed statement and Jerome Powell’s post-meeting presser was even more schizophrenic than usual, and it all boils down to one word: “Transient”. The initial (i.e., knee-jerk) reaction to the statement and IOER tweak (the third in a year) indicated markets were on board with the notion that the Fed had “succeeded” in pulling off the expected “dovish hold”. The inflation assessment was …

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Source: The Loadstar

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