FRB Chairman Powell Friday said he was superstitious! He didn't want to jinx his forecast.
Powell said that it’s unlikely the central bank will declare any kind of victory if inflation hits the 2% target.
Part of the reason there won’t be a victory parade is due, in part, to superstition, Powell admitted. “I don't want to speculate about that. We'll jinx it,” Powell said. “I'm a superstitious person.”
“If we get to that place, that'd be great. That'd be a great outcome for the public, that’s the main thing,” Powell said.
Federal Reserve Chair Jerome H. Powell speaks at the Macroeconomics and Monetary Policy Conference in a conversation moderated by Kai Ryssdal of Marketplace.
The conversation is available as a recording:
Watcher Guru:
Stephen Akin, investment advisor at Akin Investments, told the publication that technical indicators are "good for the long term" when it comes to gold's value. Moreover, he noted the price could "rise to $2,300 to $2,400 with a one-to two year time period", setting the stage for a rally that would have it sustained at an ATH level.
CBS News:
"The fact that gold has broken out to a new all-time high and has no technical overhead supply is positive for the long term," says Stephen Akin, an investment advisor at Akin Investments in Charleston, South Carolina. "Technical analysis would indicate the price could rise to $2,300 to $2,400 within a one to two year time period."
FLOW
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The Freight Logistics Optimization Works (FLOW) program is a public-private partnership among industry and government to build a forward-looking, integrated view of supply chain conditions in the United States. FLOW data helps forecast how current capacity and throughput will fare against future demand, helping participating companies anticipate changes in supply chain throughput and take proactive step to mitigate previously unanticipated delays.
The FLOW program collects purchase order information from importers in addition to logistics supply, demand, and throughput data from participants (e.g., beneficial cargo owners, ocean carriers, ports, terminals, railways). The United States Department of Transportation (USDOT) anonymizes, regionally segments, and aggregates the data. Participants then receive FLOW data that provides a broad, daily view of the current conditions of the overall logistics network, beyond what they may observe within their own operations.
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