Want the investing implications from yesterday's Fed Day? Here are 14 tweets from Hedgeye CEO Keith McCullough explaining what we think about the Fed's current policy stance.
https://twitter.com/KeithMcCullough/status/1006968375631863808
https://twitter.com/KeithMcCullough/status/1006968715869609990
https://twitter.com/KeithMcCullough/status/1006969998303211520
https://twitter.com/Hedgeye/status/1006972939370102784
https://twitter.com/KeithMcCullough/status/1006971246637133824
Here's the FOMC statement (emphasis added):
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term. Risks to the economic outlook appear roughly balanced... In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. |
https://twitter.com/KeithMcCullough/status/1006972436934512640
https://twitter.com/KeithMcCullough/status/1006973739513319426
https://twitter.com/KeithMcCullough/status/1006975288864051201
https://twitter.com/KeithMcCullough/status/1006975652870881281
https://twitter.com/KeithMcCullough/status/1006977312179609600
https://twitter.com/KeithMcCullough/status/1006977572561879040
https://twitter.com/KeithMcCullough/status/1006978975296614400
https://twitter.com/KeithMcCullough/status/1006979236647899136
https://twitter.com/KeithMcCullough/status/1006980072660717568
Before you Go...
You're going to want to watch this webcast.