[Wyatt's Torch]

RBA cuts rates. AUD plummets.

Why is the Fed going to raise again?

[expat_panama]

Hiya & a great morning to you!   So we ended up yesterday (as usual) w/ our last minute reversals in spite of the pre-market futures gloom.  None of that goom today as futures traders are seeing metals again up +1.48% and stock indexes up +0.34%.    Reports coming later today are just Factory Orders, Auto Sales and Truck Sales. 

Sooo much happening in the news but at least the latest econ thread list can still fit here:

• Obama Budget Embraces Permanent US Decline- Growth of Reagan Era a Quaint Relic, Never to Return
• Obama budget calls for largest federal civilian workforce since Cold War
• The GOP: Still the Party of Stupid
• Obama Expresses Sympathy for New Greek Government ["You Cannot Keep On Squeezing Countries"]

[expat_panama]

Why is the Fed going to raise again?

Please help me out here on just where the Fed as announced raising rates.  All I'm getting from the FOMC is that

 "...if incoming information indicates faster progress toward the Committee’s employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner..." 

--and don't forget that the sun will nova in a few billion years too.  Back on planet earth, inflation yesterday (PCE Prices - Core) was zero.  As expected.  Like the previous month.