Interest rate direction is definitely back on the table for September
Click download link to listen on this device: Download Show
Will the Beige Book scenario coming out today give us a direction as to the future of interest rates. Chris, Cory and Big Al discuss why the Fed Open Market Committee would raise interest rates.
I would bet that it will happen before December. Let’s see!
Same as last year. I think I agree with that.
Who do you believe?
Reducing rates has hurt bank and insurance industry.
Will raising rates kill housing?
http://www.kitco.com/news/video/show/Kitco-News/1350/2016-09-07/The-Fed-Is-Bluffing-Gold-Bugs-To-Prevail—Jim-Grant
Sorry for posting this…just thought you people might like a laugh…………….
http://thesaker.is/the-three-friends-and-the-pouting-deadbeat/
LOL
The Saker delivers.
Good comments, gentlemen. The Fed has never raised its benchmark rate, at least in the post-1994 era of “transparency”, when the probability was less than 60%, according to Jim Bianco, president of Bianco Research. Currently probability appears closer to 85% based on the CME Group FedWatch Tool. I was surprised to see it that high.
http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
I think they have to do a very small raise in December and then they will spend the rest of next year talking about a raise which may happen near the end of next year. They need to save face as they would have no credibility left and would get laughed at.