Dennis Hynes
Dennis Hynes
basically forceful higher point rate reaffirm simply
He's already told us that he's going to be forceful and preemptive in rate hikes. And so this is basically an exclamation point . . . all it simply does is reaffirm what he has already said: higher rates.
concerns confusion currency explaining fear fears itself market price reflecting state unclear
(The yen) is still in a state of confusion and it's reflecting itself in its price patterns. The market is really unclear as to where to go right here. There are concerns about inflationary fears and that is explaining why the currency is narrowly trading.
ahead basically next range trading trend
We're really just in a trading range ahead of next Tuesday, but the trend is basically bullish.