Here we are, one day after the Fed and people are still trying to decide just how hawkish Janet Yellen’s presser was.
Relatedly, a lot of folks are confused about the juxtaposition between Wednesday’s “sad” (to quote Trump) CPI and retail sales numbers and the committee’s decision to basically shrug them off with little but a passing acknowledgement.
What does it all mean?!!
Don’t pull your hair out. Yellen doesn’t know what it means either and neither do any of the people trying to explain it to you today.
But for those who, like Donald Trump, like to have things summarized for them in pictures, here’s a visual tour to the June FOMC statement courtesy of Deutsche Bank’s Joseph LaVorgna…
Via Deutsche Bank