More Dovish Than Fed’s Evans

That would be, drumroll please, Chicago Fed President Charles Evans, again. This is via MarketWatch: In a speech to the C.D. Howe Institute, an independent not-for-profit economic research firm based in Toronto, Evans said policy makers should vow low rates until unemployment falls below 6.5%, as long as inflation is not forecast to rise above…

Daily Remarks – Tuesday, August 14, 2012

Yesterday’s Price Action: Dow Jones – Upward Posture Could Morph Into Topping Risk Dow Jones Industrial Average started the day under pressure and remained so through the day. For the first half of the day’s session, till 12:15 PM New York Time, DJIA was declining. At 12:00 Noon, DJIA made a Wyckoff spring on 15…