News Snapshot:
[Rabo: Everyone Is Hoping There Is A Masterplan, But There Is None] This post was originally published on this site By Michael Every of Rabobank No Oasis; But is There a Masterplan? Markets took yesterday’s non-committal Fed minutes as relatively dovish. I would say that’s a fair assessment. More worrying is that they were non-committal about what the Fed will do at its March meeting because the Fed has no idea what to do. All its choices are bad. There is no oasis ahead, as markets like to believe. There is no Fed ‘masterplan’ to stop inflation without stopping either...
