Weekly Price Changes July 7-14, 2017
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Yellen's Collision Course
Just two months ago on June 14th the US Fed hiked interest rates, despite declining inflation since that start of the year. This, along with plans to sell the debt accumulated since the Global Financial Crisis have been grinding on the value of income focused investments. Last week's US CPI increase for the month of July was the 7th consecutive month of declining CPI numbers. With this the US central banks last ace to upset markets is the threat to reduce the size of their balance sheet.
In addition to earnings and preferred share data the update this week looks at the US inflation data showing why US Fed Chair Janet Yellen is heading for a showdown with the President and his central banker in waiting, if she doesn't change course.
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