Q1 GDP Smashes Expectations, Soars 3.2% As Fed Finds Itself Trapped
Whoa, Trump will be all over the twitter feed.
Not a problem for the Fed, the Fed can raise a quarter and say,'Screw you', and that would be its job. The Fed, in this case, is supposed to be as surprised as the rest.
This event re-inforces the 'large corporations are efficient' narrative, they got the tax cut, and it appears they are the ones powering through. Trump is a winner on that.
This also re-inforces more government spending, and this is where millennials need care. Corporations being efficient means government relatively inefficient.
Treasury rates are out of wack at the moment, six month cash is 2.45, the ten year is 2.5; five basis points will be adjusted up during the day, I would think.
This event re-inforces the 'large corporations are efficient' narrative, they got the tax cut, and it appears they are the ones powering through. Trump is a winner on that.
This also re-inforces more government spending, and this is where millennials need care. Corporations being efficient means government relatively inefficient.
Treasury rates are out of wack at the moment, six month cash is 2.45, the ten year is 2.5; five basis points will be adjusted up during the day, I would think.
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