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Janet Tomorrow

TAG: Vague head-fake

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#1 Rogerdodger

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Posted 26 May 2016 - 03:04 PM

TAG: Vague head-fake ;-)

 

A number of Federal Reserve officials have put the market on notice recently that the Federal Reserve might elect to raise the fed funds rate at its June 14-15 meeting.  Notwithstanding those declarations, the market is most interested in hearing from one person in particular about the potential path for the fed funds rate.  That person is none other than Fed Chair Yellen who will be speaking on Friday.

Fed Chair Yellen at Harvard to Accept the Radcliffe Medal (Friday, May 27, 1:15 p.m. ET)



#2 gannman

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Posted 26 May 2016 - 03:06 PM

raise rates already and get it over with the market will rally imo


feeling mellow with the yellow metal


#3 gannman

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Posted 26 May 2016 - 03:07 PM

we are talking about a lousy quarter of a point geez raise them 1 percent and get it over with a quarter of apoint is nothing 


feeling mellow with the yellow metal


#4 Rogerdodger

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Posted 27 May 2016 - 01:50 PM

Yellen: Appropriate to cautiously increase rates

Janet Yellen is not signaling exactly when the FOMC will next raise rates but she is saying that a move will probably be appropriate sometime in the coming months. Employment is the economy's strong suit and Yellen describes the labor market as "really improved" and she specifically notes gains for the participation rate. She says there's still slack in the labor market though, in a comment that does point to a rate hike, she warns that the unemployment rate is closing in on the Fed's full employment goal. A major negative, however, is the ongoing struggle in productivity where she describes the pace as "really miserable" and a "serious negative" for the economy. For her overall outlook, she sees the economy continuing to improve and inflation moving back to 2 percent over the next couple of years. Demand for stocks is rising slightly and demand for Treasuries is sinking slightly in early reaction, one consistent with a slightly increased chance for a near-term rate hike. Yellen made her comments at a Harvard awards ceremony.

 

Today I spoke with 3 different middle class, middle aged people who have recently been laid off.

One woman, formerly at Thrifty, acquired by Hertz, was kept on temporarily as a contractor until she trained immigrants to take her place (at less pay of course).

Another let go this week from a hospital.

A third, with Coldwell-Banker, was let go and hired as a contractor with no benefits.

A forth was recently laid off by his father because their oil business had dried up.

My grand-kids do good to find 25 hours a week.

 

Meanwhile the future looks bright for non-Americans.

Feds spending millions flying illegals across USA...


Edited by Rogerdodger, 27 May 2016 - 02:03 PM.


#5 AChartist

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Posted 27 May 2016 - 09:25 PM

Roger I have what looks like a rip up starting with June 15-16 low, look for helicopter "stimulous".


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#6 Rogerdodger

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Posted 29 May 2016 - 04:19 PM

Roger I have what looks like a rip up starting with June 15-16 low, look for helicopter "stimulous".

 

BR-NON-EXIT would likely goose things.

600 ECONOMISTS REJECT BREXIT...

Protesters burn EU flag as referendum looms...

 

Mike Burk's Seasonal stats would fit in with a mid-June rally: +2% SPX & +1,4% INDU, R2K +1.5%,  OTC +1.49

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Edited by Rogerdodger, 29 May 2016 - 04:28 PM.