Keith Hembre
Keith Hembre
overall surprises
Overall there are not a lot of surprises here.
boosts cement chance fed friendly march rate
It's not friendly for the Fed at all. This boosts the chance of a March rate increase; it should cement 4.75 percent.
coin constraint fed inflation lifts oil overall places prices remain side
Oil is a double-edged sword. From one aspect, it lifts overall inflation but from the other side of the same coin it places a constraint on growth. So if oil prices remain high, the implications for the Fed get a little dicey,
imply less market minutes rally
You are getting the rally in Treasuries because the minutes imply a little less tightening than what the market had anticipated.