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DrBubb's Diary - April 2018 Trading - v.111

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Inflation worries persist...


"The red flags are everywhere," said Jim Awad, senior managing director of Hartland & Co in New York. "We're finally getting the inflation that to date has been so elusive."

Rising costs have stoked fears that the Federal Reserve will raise interest rates more times than expected this year. The U.S. central bank's Federal Open Market Committee is scheduled to release its policy statement on Wednesday at the close of a two-day meeting. It is expected to keep interest rates steady but will likely encourage expectations that it will hike rates in June.

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