Fed still trying to show they won’t give in

From business.nab.com.au

Outside of FX where the USD is smartly higher, market have been struggling for direction, US equities flitting in and out of positive territory to end slightly higher while US Treasury yields have ranged for the most part just below Wednesday’s highs This is amid some mixed signals out of the US data (Philly Fed, Exiting Home Sales) while multiple Fed speakers, though all making clear the Fed still has work to do raising rates, have offered an effective 3-4% spread on where the Funds rate should be by the end of the year. Oil has rebounded on a more positive EIA outlook. US equities have just closed with the ... (full story)