Fed’s Patrick Harker, elitist banker from the land of cheesed steak sandwiches, took to the podium at 9am and delivered a dovish message.
He said we should not take negative interest rates off the table, and that any further rate hikes ought to be suspended until we see signs of inflation.
There’s a novel thought. However, Mr. Harker is merely an alternative voting member of the Fed in 2016, so his thoughts are useless fodder.
Market is unaffected and continues to chop and screw April option holders.
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