Cartoon of the Day: Duh Fed!

Cartoon of the Day: Duh Fed! - Fed Duh cartoon 09.18.2015

Below is an excerpt from today's Early Look written by Hedgeye CEO Keith McCullough:

...I know the establishment doesn’t want me to inspire change or give them a speech. There’s no compensation scheme for them in that. Back to what most people want – what to do with this mess of market forecasts and expectations?

 

  1. GROWTH – the Fed is going to be wrong on 2H forecasts (again), but just cut their 2016 GDP to a range of 2.2-2.6%
  2. INFLATION – the Fed’s PCE forecast of 0.3-0.5% for 2015 implies no rate hike in DEC

 

No hike in DEC?