Inflation Is Just “Noise”

(1) Bull is high on Yellen’s fairy dust. (2) When Yellen talks, investors listen and buy stocks. (3) FOMC statement reaffirms NZIRP. (4) In Yellen’s world, inflation isn’t heating up. (5) Liesman asks a good question. (6) Fed’s doves still see too much slack in labor market. (7) From thresholds to noisy data. (8) Fed has no target for volatility, while risk-taking remains “moderate.” (9) Fed is the source of markets’ complacency. (10) Uber dove wants more jobs for ex-cons. (11) Upbeat US economic indicators. (12) US MSCI still a global outperformer. (13) Fragile-5 morph into Fab-5.