Slow, But an Active Week

Slow, But an Active Week

This week was a bit slow, but the Fed was active. They announced that they would not raise the Fed funds rate (sometimes called the prime rate), but that there was enough indication that they should be able to soon… The market was slightly relieved, but did not move....

Quiet Until Friday

This week was a pretty quiet week with economic data until Friday. Today we got the September retail sales were up 0.6%, which was more than expected, and the PPI (producer price index) was up 0.3%. Both are signals that higher inflation could be on the horizon. On...