Greetings one and all
So the elephant has finally left the room but we can rest assured it will be lurking down the hallway still
The Fed have erred on the side of caution once again as we have been saying here for a while now but. Was China an excuse by them for inaction or a really valid reason ? The latter I believe and there is genuine concern of a rate hike fall-out. Low inflation also continues to be a problem.
Right now last night's decision is today's fish and chip wrapping paper and we have to move on but the market will now be looking for other drivers
Talking of which there's not a lot of data today to help but we do have Canadian CPI later
TGIF and, as always, I wish you a good session
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