Chicken or Egg
Well, 450 basis points later and the Fed has not been able to control inflation...especially in chicken/egg prices (although it would be cool if the Fed had a tool in their arsenal to increase chicken & egg supply). But in all seriousness, in the biggest earnings week of the first quarter, the markets also decided to get optimistic about a potential Fed pivot taking place before the end of the year. In other words, being "data-dependent" really means they have the ability to be totally flaky and still have more attention than the prom queen.
\nFind us on Twitter, Instagram, & Facebook @DRUNKENOMICAL
\nMerch: drunkenomics.myspreadshop.com
\nPatreon: patreon.com/drunkenomics
\nStay Drunkenomical y\u2019all!