Surprise?

Today wraps up the second of eight FOMC meetings happening in 2016.  I don’t know that anyone is anticipating a rate hike out of the Fed during their press conference at noon our time.  Life is full of surprises though.  Take the Consumer Price Index for example; this morning’s year-over-year CPI reading showed an increase of 2.3%.  That is the highest YOY increase in the last eight years, even though the index decreased 0.2% from last month…I don’t understand the math there either. Surprise!

Interest rates continue to trend upward.