“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Saturday 29 August 2015

Big Deal?

One thing is for sure, this should move Mondays market unless they down play this statement before the market opens on Monday;

"The breaking news is that Fischer says the Fed should not wait until inflation hits 2% to begin tightening," Bank of Tokyo-Mitsubishi's Chris Rupkey said. "That sounds like a Green light to us ... Today’s news represents an important change possibly in the leadership of the Fed’s position, which clears the way for action on September 17."

Read more: http://www.businessinsider.com/stanley-fischer-jackson-hole-inflation-speech-transcript-august-29-2015-2015-8#ixzz3kFaoRn9o

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