Lockhart is such the tease. One minute he can’t decide whether the Fed needs to ease, next minute he sounds like he’s ready to call an emergency meeting of the FOMC. The man sounds spooked as hell.
Leave it to Bernanke to sort us all out when he testifies on the Hill next week.
EUR/USD is edging toward session highs on the dovish take from the Atlanta Fed chief and on continued buying in the S&P. That bad boy is up 1.75% with about 45 minutes left to trade.