Here’s where all the Fed officials stand on an interest rate hike

Yahoo Finance ^ | September 12, 2016 | Justine Underhill

[expat_panama]

Today marks the last day of speeches from Federal Reserve officials before they gather to discuss monetary policy and a potential rate hike at the Sept. 20-21 Federal Open Market Committee (FOMC) meeting.

In the final speech before the quiet period begins, Fed Governor Lael Brainard assured the markets that she wasn’t in a hurry to raise rates.

Given that low unemployment has failed to increase inflation “the case to tighten policy preemptively is less compelling,” Brainard said.

“My main point here is that in the presence of uncertainty and the absence of accelerating inflationary pressures, it would be unwise for policy to foreclose on the possibility of making further gains in the labor market,” she added.

The speech, which was announced late last week, was highly anticipated as some expected that Brainard, a noted dove, might take on a hawkish tone to raise market expectations for tightening at the September meeting, but this was not the case.

“Asymmetry in risk management in today’s new normal counsels prudence in the removal of policy accommodation,” Brainard said, noting that the risk of being unable to respond to unexpected economic weakness is greater than the risk of inflation spiking due to strength in demand.

Brainard added that in the current environment the “federal funds rate is less accommodative...

...After Brainard’s speech, market expectations for a September rate hike dropped...

...most recent comments...

Neel Kashkari....

Dennis Lockhart...

Eric Rosengren...

Robert Kaplan...

Janet Yellen on August 26: “I believe the case for an increase in the federal funds rate has strengthened in recent months.”

[CincyRichieRich]

All coordinated PhD kabuki...they all know they can’t raise. They rotate who is for and who is against. They are still over educated namby panties who live in a bubble and have a job they shouldn’t have.

There, fixed.

I sat in on two lectures here in Cincy, they were so full of documented horsecrap to justify a lie.

[CincyRichieRich]

All coordinated PhD kabuki...they all know they can’t raise. They rotate who is for and who is against. They are still over educated namby panties who live in a bubble and have a job they shouldn’t have.

There, fixed.

I sat in on two lectures here in Cincy, they were so full of documented horsecrap to justify a lie.

[expat_panama]

Happy Tuesday and the answer to the question: "What if they had a stock crash and nobody came?".   Then again, while it's true, indexes did jump up a couple % yesterday it was in lower trade volume and it didn't quite make up for Friday's losses.  We'll see today as futures are already looking for a +1.64% on stocks and just -0.75% for metals.

All we get today is this afternoon's Treasury Budget, and somehow the news seems lite:

About All Those Dire Brexit Forecasts: Nevermind - Editorial, Investor's
A Chart That Shows Investors Have Nowhere to Hide - Nigam Arora, MW
Infrastructure Spend's Missing Link - Christopher Smart, Project Syndicate
Myths and Realities About Infrastructure Spending - Edward Glaeser, CJ
How Did the U.S. Become the Land of the Unequal? - Bill Moyers, Nation
The Largest Wealth Transfer in History Has Begun - Quentin Fottrell, MW

[expat_panama]

..they all know they can’t raise.

and imho it's even while the really really wish they had a need to.

[Lurkina.n.Learnin]

I’m beginning to believe you’d be better off listening to the clucking in a chicken coup then every utterance from each Fed governor.

[TADSLOS]

[CincyRichieRich]

Making a comment upon my comment; when the Fed “lecturer” told us about job creation last year, he looked at government “jobs” as new jobs and counted them into his equations.

I didn’t raise my hand and object as to not want to be targeted for retribution.

Does everyone here, I hope, understand a government job shouldn’t be counted as it takes $ from the private sector?

[expat_panama]

...listening to the clucking in a chicken coup then every utterance from each Fed governor.

When a chicken in a coop has a machine gun I pay attention.  I mean, a Fed gov. my not have any sense, but he still has a lot of power.

[McCarthysGhost]

I think the fed will raise rates this year only if Trump wins.

[DaveA37]

What the Feds need to do is raise the advertising rates for pushing those highly annoying ads that popup all over the place, unannounced.

[citizen]

Good double-post. That deserved to be said twice.

[McCarthysGhost]

Would probably pay off the pre-obama national debt.

[Buckeye McFrog]

After what Obama has done to the national debt in eight years, raising rates now will do to the country what Kirk, Spock and Scotty almost did to the Enterprise by triggering the self-destruct sequence.

[Diana in Wisconsin]

Good point - BUT, don’t forget that the Fed has the cheat codes to defeat the Kobayashi Maru!

(As did Kirk, God Bless Him!)

[Diana in Wisconsin]

LOL! I love that! I’m going to design my own for making future Life Decisions.

RUN FOR THE HILLS! *SNORT*

[expat_panama]

...a government job shouldn’t be counted as it takes $ from the private sector?

Off had, we know they shouldn't be counted as part of the private sector and should be counted as part of the total (private plus public) economy --but I'm sure there's more.  A while back we were talking about other problems w/ Fed analysts, in general I'm sure they do a great job but let's face it, they're gov't employees themselves...

[WKUHilltopper]

Dismantle the “federal” reserve.

[TADSLOS]

That’s from the South Park Bailout episode. One of their best.

[Diana in Wisconsin]

I’ve GOT to start watching that show - on DVD - no cable or dish for reruns out here in Der Hinterlands.

In fact, I’m typing this to you with two soup cans and string! ;)