All posts are my personal opinion
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Fed's Fischer: Too early to tell for September rate hike
• Previous case for September liftoff was pretty strong • Previous case for Sept liftoff wasn't conclusive • Wouldn't want to decide now on liftoff • Confidence 'pretty high' that inflation will get back to 2% • Some factors affecting inflation are temporary • Still need to watch the impact of yuan depreciation • "We don't have a whole lot of inflation going on so we don't have to move immediately" • US close to full employment • US economy "working pretty well" • "We're getting back to normal and at some point we'll want to show that" • "I think [markets] could settle fairly quickly" This ... (full story)
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In trading, you have to be defensive and aggressive at the same time