1. Possibly the Biggest Data Point from FED Meeting….Projecting U.S. Growth to Stay Around 2%.
1. Does the Fed Need to Raise Rates?
Rates already rising, even though U.S. economic data is tepid.
Indeed, LIBOR rates continue grinding higher and the TED Spread has widened sharply…3 month Libor up 145% off low base.
1.Emerging Markets ETF Rallies Right to 200day.
EEM Stopped at 200day …Red Line on Weekly Chart.
1. 26% Move Up in 10yr. Treasury Yield….33bps. Move is Less Than One-Quarter of the 138bps. Move During Taper Tantrum (May 2013).
TNX-10yr. Yield Chart.