With only data on the services industry last week the markets fixated on Apple's product announcement and for most of the week did not pay as much attention to the upcoming Fed meeting as I expected. On Thursday the ECB decided to make no policy changes which may put them off until December. wa9-9a This was a bit surprising since inflation in the Euro zone (see chart below) is still low and well below the target zone of 2%. Many US economists and many of the know nothing representative in DC con...
With only data on the services industry last week the markets fixated on Apple's product announcement and for most of the week did not pay as much attention to the upcoming Fed meeting as I expected. On Thursday the ECB decided to make no policy changes which may put them off until December. wa9-9a This was a bit surprising since inflation in the Euro zone (see chart below) is still low and well below the target zone of 2%. Many US economists and many of the know nothing representative in DC con...
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