Being as I know a lot of economic reports like Initial Claims, etc will not come out due to the government shutdown, I didn't look at today's schedule, but a member sent me a note and it makes perfect sense as to why there's so much activity in the market that looks like fence sitting all day, Bernanke speech at 3 p.m. With the gov't shutdown and the possibility of US debt default, Bernie's words take on new meaning.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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