Monday, September 12, 2016

Brainard Walks Back Rate Hike: Can't they Speak with One Voice?

Well I guess it is "No Rate Hike" in September.
Fed Governor Lael Brainard — a voting member of the central bank's policymaking committee — said in a speech that, while economic progress continues, it would be wise for the Fed to keep monetary policy loose.
"She resurrected some of the concerns for why the Fed shouldn't raise rates," said Quincy Krosby, market strategist at Prudential Financial. "We now go back to a thesis where the Fed wants to raise rates for other reasons," She also said "it's hard to see Janet Yellen come out and raise rates" next week. 
I guess peace will reign until some other governor opens his/her big yapper and the market will head lower again.

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