Look out below!
West Texas Intermediate crude futures prices just broke through the $45 barrier down to $44.26. At the same time, the 10Y -2Y yield curve slope broke down to 126.75, less than half of what it was on January 1, 2014.
This occurred after The Federal Reserve announced no change to the Fed Funds Target rate.
The Fed feels that inflation is under control. Its easy to control inflation when oil prices fall by more than 50%.
from WordPress http://ift.tt/1uBUros
No comments:
Post a Comment