Wall Street Reverses, Closing Lower Ahead of Inflation Report

Reuters ^ | 6/9/21 | Stephan Culp

[hardspunned]

Wall Street stocks ended lower on Wednesday, reversing earlier gains as institutional investors awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.

[hardspunned]

Will the liars in DC continue the attempt to downplay inflation tomorrow? I think they stay with a transitory, maybe 2 1/2 %. Is the regime savvy enough to realize just how badly this is going off the rails? Do they even care or is this the plan?

[tinamina]

I think it’s pretty obvious it’s the plan.

[hardspunned]

https://www.reuters.com/business/wall-street-reverses-closing-lower-ahead-inflation-report-2021-06-09/

Oops!

[crz]

“U.S. Federal Reserve might tighten its dovish monetary policy.”

They cant. Raise the interest rates and the interest payments on the national debt will become the biggest expenditure.

[Carriage Hill]

Bingo!

[montag813]

Yes, all the “estimates” are overblown of late. They “expected” 1.2 million jobs and got 500k last month, “expected” 700k and got 475k this month. The last inflation figure was “lower than expected”...all permitting the Fed to keep rates down to permit Democrats’ endless spendfest.

[Sam Gamgee]

I know. If inflation is sitting under 3% in the real world then I must be living in another reality - the one where cereal, bread, tires, ect have seen 10% year over year increases at minimum.