While yesterday was Major League Baseball’s Opening Day, this week’s 0-for-7 statistic unceremoniously belongs to the Federal Reserve for failing to achieve its 2 percent inflation target since it was established seven years ago.
0-for-7
'Tis the Season for... Animal Spirit
Treasuries are wrapping up with their first weekly gain since the U.S. election and stocks are mixed in pre-holiday trading. Yields on the 10-Year Treasury benchmark closed at 2.54 percent, down from last week’s close of 2.59 percent. The S&P 500 and Dow Jones Industrial Index are trading at slightly higher levels than where they started on Monday.