Are The Fed Members Re-Thinking Their Inflation Call?
by Chuck Butler
Daily Pfennig
Good day… And a Tub Thumpin’ Thursday to you! Smokey Bill Robinson and the Miracles greet me this morning with a perfect morning song: Ooo, Baby, Baby… A girl once told me that this song was the perfect make out song. So guess which song was always playing in my car! HA! Well, we have more China fear in the markets today, and we had differing opinions from traders regarding the FOMC Meeting Minutes yesterday. So, we’ll touch on those two things, and more today… Are you strapped in? Alrighty then let’s go!
Front and Center this morning… China’s stock market had to close early for the 2nd time this week overnight, after plunging 7%! It was an ugly day in China folks… The stock markets got whacked and had to close early, The Peoples Bank of China (PBOC) weakened the renminbi by an even larger amount than they did the previous day, and this drop in the renminbi’s value has now happened for 8 straight trading days…
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Source: http://financialsurvivalnetwork.com/2016/01/are-the-fed-members-re-thinking-their-inflation-call/?utm_source=rss&utm_medium=rss&utm_campaign=are-the-fed-members-re-thinking-their-inflation-call
