In the Wall Street Journal, another brick for your wall of worry!
In (really) brief:
- The Fed concluded its two-day meeting Wednesday with a rate increase that was widely expected. What surprised many investors was that Fed Chairwoman Janet Yellen didn't blink after an inflation report that was weaker for the fourth month in a row.
The article notes:
- The yield premium investors demand to hold the benchmark 10-year U.S. Treasury note relative to the two-year note shrank on Wednesday to the smallest since September and approached the lowest since 2007
- A falling premium is known as a flattening yield curve and typically happens when worries rise that economic momentum is slowing
- Inflation expectations are sliding
- Bloomberg Commodity Index slipped Wednesday to its weakest since April 2016
And there is plenty more, but tthat's it in a nutshell
Link is here:
And ... well, I did have a LOL:
- The worries also mark a shift from earlier this year, when economic indicators prompted some to say the U.S. central bank was falling behind the curve in tightening policy
We are a fickle bunch :-D
Yellen had a LOL too