Wow--what a conundrum! The Fed has to deal with inflation (i.e., PPI and today's CPI) now, while trying not to raise rates. But, if they raise rates, they'll inflation in check but run the risk of killing any hopes of a recovery in the housing market because mortgage rates would begin to creep up.
What are they going to do?!? We'll find out at 2:15pm, est, today! Stay tuned and check back often for full analysis and updates.
For now, the Overseas Boxscore:
Nikkei: +0.93% (7-week closing high)
Straits Times: +0.54%
Hang Seng: -0.93%
U.S. Futures are up--so far--ahead of the economic reports being released today.
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC