The Federal Reserve and Biden Administration are like one massive gaffe machine. And with it, the Empire State manufacturing outlook plunged to -24.6.
An inflation measure, PPI Final Demand YoY declined to 4.6%.
Bond volatility (MOVE index) is highest since financial crisis.
While the Dow is down -1.36% today, European stocks are down -3 to -5%.
Janet “Too low for too long” Yellen before she was made US Treasury Secretary.
