It is too soon to tell
those that must churn out words speculate about pretty much nothing
It will be what it is and action to mitigate will be marginal at this point
The Fed is a follower not a leader and will not raise rates until 10-Year T Notes start moving north. They are still low because the Obamacare economy is still in the crapper with 93 million people un-or-underemployed.
Any hike will trigger a mass exodus out of the Stock Market.
Good Morning! So stocks actually closed a tad higher yesterday (in lower volume) but today futures see them soaring +0.1.26%!!! Metals look great too (+0.78%) after yesterday's continued basing. Must be because of all the bad news in Greece & China.
btw, did you know the NYSE shut down for four hours last Wed? Neither did I: The Bumbling, Irrelevant New York Stock Exchange - William Cohan, NYT
The Fed will delay until it appears a conservative will win the White house, then the media will blame the ensuing economic chaos on fear of the right wing. Book it.
Everyone knows they can’t raise rates.
And everyone knows why.
So if/when the Fed raises rates on their own, or the bond markets exert their will upon the interest rate world, the world as we’ve known it is over.
And then say ‘hello’ to the NWO.
Here’s my take. The Fed won’t raise rates until they do. All this knee jerking about it is just like clucking in the henhouse.
I don’t expect any movement - or maybe one little qtr point - before November 2016. This “recovery” (hah!) is tepid, halting, localized and fragile.
My guess is that some Fed govs are anxious to unwind the Fed’s enormous balance sheet while others are fearful of it and, mimicking spineless politicians, will vote to do nothing for as long as possible.
Yellen: Rate Hike Still on Target for ‘15
By Dunstan Prial
·Published July 10, 2015
·FOXBusiness
Blah blah blah, they’ve been saying this every 3 months for more quarters than I can remember.