Not Giving Up The Ghost
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows when the Fed minutes were released.
- The main observation from the minutes is that the Fed is reluctant to give up the ghost of being wrong.
- The Fed has already admitted that they were wrong about the amount of inflation.
- The Fed has already admitted that they were wrong about the length of inflation. Originally the Fed had indicated that inflation would last only three or four months.