| heh.. he seemed hawkish enough to me.. all the economic data out there points to sustained inflation. perhaps once the interest rates are finally digested, we'll see this situation change (interest rate hikes take about 1 year to be "digested").
i gotta say, i'm feeling pretty bearish about the future. the fed simply cannot let inflation continue to grow like this - even if it means that they have to induce a recession to contain it. the alternative would be much worse...
my stocks also performed well on today's news.. the lowest gainers were 4%, the highest, 10.5%. |