4 replies to this topic

[Rogerdodger]

kitco.com

New York Fed's Empire State Manufacturing Survey hits eight-month high at 10.8

According to analysts, the latest economic data is helping to solidify expectations that the Federal Reserve will raise interest rates next month. The CME FedWatch Tool shows markets see a more than 80% chance of a 25-basis point move. Markets are also pushing back their calls for a rate hike to later in the second half of this year.

These shifting interest rate calls are pushing bond yields higher and supporting the U.S. dollar as it continues to recover from last week's selloff to a 12-month low.

 

[slupert]

What he Fed should do at the next meeting is cease that stupid dot plot!

[qqqqtrdr]

The FED will continue to raise rates and yes interest rates are higher and lending is starting to rapidly slow as well.   Inflation is still at 5%.   I'm just glad they finally stopped these .5% hikes.

[pdx5]

Gaging from Volcker's experience, FED will be forced to raise rates another 2-3 percentage points.

[qqqqtrdr]

Well I can see 2 - 3 percentage points possible but not likely.     Yes consumers are still spending money and demand is still strong for cars and autos, it is just affordability is not so they can't buy.    Oil prices are not below $70 a barrel so we still have inflation pressures with food.  Any upward rise in oil will mean more interest rates hikes as food prices are affected.  Phone sales are way down now as well, because everything is being taken up by food, and for those who rent, housing.