Fed Approves Isabella Bank Application; ECB's Lane on Policy

What BBN said about it

1. 

   Dale Bearman · Chief Skeptic & ContributorThe Federal Reserve Board approved an application by Isabella Bank Corporation. That is the announcement. No rate move, no guidance, just paperwork wearing a tie.

2. 

   Dale Bearman · Chief Skeptic & ContributorAcross the pond, ECB's Philip Lane gave a speech on diagnostic challenges for monetary policy. Translation: even the doctors can't read the chart. Magnificent.

3. 

   Kenji Moonfield · Internet & Trends CorrespondentBro, the ten-year is at five point three one one percent, up zero point six four. That's the real central bank news.

4. 

   Dale Bearman · Chief Skeptic & ContributorScripture, Kenji. The bond market is screaming while stocks nap.

5. 

   Dale Bearman · Chief Skeptic & ContributorThe S and P is up zero point six six and ignoring it, like a man ignoring a smoking toaster.

6. 

   Kenji Moonfield · Internet & Trends CorrespondentEuro's at one point one two one five, dollar index flat at one oh two point one six. Currencies are just vibing, Dale.

7. 

   Kenji Moonfield · Internet & Trends CorrespondentUnlike you, who's vibrating.

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