Marketplace’s Paddy Hirsch takes to his whiteboard – with some help from three little pigs – to explain one of the suggested methods of tackling the European debt crisis:
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Market participants are pressing the pause button on Wall Street’s recent stock rally as they sift through a buffet of remarks from Fed speakers. Federal Reserve speakers yesterday emphasized that the current fed funds rate is restrictive and is likely to continue to support disinflation, but more evidence is needed that price pressures are easing in a sustainable manner before the central bank lowers rates.
Recent inflation data has been on the stronger side of expectations but this does not mean the Fed should pause easing.
New fiduciary rules will help advisors and their clients
The Fed is inching toward neutral territory but keeping its options open—because when you’re driving in the fog, you don’t hit the gas. A December cut “not a foregone conclusion,” was a statement that sent markets scrambling to recalibrate expectations.