Multiple digital panels on one board displaying numbers
Markets

Feds Lacker speaks to reporters after panel discussion

Not a voting member in 2016

  • Time will tell if fed is behind curve.
  • Sees word gradual as function of FOMC forecasts
  • Challenge is to not be predictable or surprise markets.
  • Stable oil, US dollar would push inflation up noticeably.
  • Public should see every FOMC meeting is Live Meeting
  • Too soon to see if he favors fed rate rise in January
  • FOMC sees balance sheet shrinking as data dependent

    Lacker is a hawk. The market is not reacting to his comments.

    The stock market continues to be pressured:
  • S&P is down 1.21%
  • NASDAQ is down 1.11%
  • Dow is down 287 points or 1.64%

    US bond yields are nearer low yield levels for the day

  • 2-year 0.964% minus 2 basis points
  • 10 year 2.1987%, -2.4 basis points
  • 30 year 2.908% -2 basis points

    Gold is up 1.5% on the day.

    Crude oil is trading at $34.61. The low for the day is $34.29. The high is $35.57

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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