...its kinda getting boring doesn't it, the markets neither wants to go down nor wants to go up.
You are left guessing what these Fed people are going to say next, hot cold hot cold, .....time to do absolutely NOTHING I reckon.
Now the real hard truth: The Fed knows it is behind the curve in confronting inflation, but it knows it needs to be extremely sensitive not to rock the apple cart - the apple I am referring to is the stock market, at the level it is at right now, it is both fragile and precarious , so they get into their antics of careful market jawboning to manage market expectations...
well, at some stage into the near future, it has to decide if it wants to save Wall St or Main St. If they delay their act too long and inflation roars higher, they may get to save neither.
