Here are some interesting news links
- Mnuchin: White House is monitoring the volatile markets, but they appear to be functioning normally – Treasury Secretary Steven Mnuchin says the White House is closely following the turmoil in financial markets, but it’s not that concerned. “We’re monitoring the situation,” Mnuchin told CNBC while on his way to his testimony. “The fundamental economics are very strong. The economy is doing very well. Tax reform is clearly helping earnings a lot,” Mnuchin added.
- FINANCIAL STABILITY OVERSIGHT COUNCIL meeting videos
- Should Markets Be Worried About Inflation? What to Know, in 9 Charts –
Consumer prices show few signs of exceeding the Federal Reserve’s targeted 2% annual increase. Fledgling signs of emerging inflation shook financial markets in recent days, but price trends more broadly are picking up only moderately from historical lows touched in recent years. Consumer inflation recovered over the past year from the near-zero readings recorded in 2015, when energy prices plunged. But there’s little sign that prices are poised to break significantly above the 2% annual increase targeted by the Federal Reserve. The consumer-price index largely moved sideways late last year, and when removing volatile food and energy prices, inflation cooled during much of 2017.