--and it's for sure the sun will expand and fry all life on our planet. If it's not happening any time soon then we've got a lot to do in the mean time. While we can set aside worrying about the sun, the Fed's time frame is a bit less certain but so far I'm hard pressed to see any serious reason why a rate hike is needed any time in the foreseable future. Somehow everyone's got it in their heads that the Fed has to raise rates as soon as possible just so they can lower 'em again later. The only reason the Fed does rates is for inflation, and if there's no inflation there's no rate hike. Ever.
Good morning, we're looking at an "interesting" week here and today's shaping into 'prep-work' for it. This morning we just get the Existing Home Sales but later in the week comes CPI day followed by GDP finals. Right now futures are down -0.18% for stock indexes and -0.27% for metals --trending downward.
[fumbling for coffee...]
I think they hike 25bps by the end of the year. Just to show that they can and will. 25bps won’t make a damn bit of difference to anything especially considering the mess the ROW is in.
Correct. I don’t foresee a rate hike this year. The economy is sputtering again.