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Fed's Evans says three hikes in 2017 not implausible

Discussion in 'Topical Discussions (In Depth)' started by Scorpio, Jan 7, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Fed's Evans says three hikes in 2017 not implausible

    By Reuters
    Friday January 06, 2017 14:28

    Chicago Fed President Charles Evans, one of the Fed's most dovish policymakers, said on Friday he believes the central bank could raise rates three times this year if economic data comes in a bit stronger than he expects.

    "I still think two moves is not an unreasonable expectation ...but it's going to depend on how the data roll out, and if it’s a little bit stronger, three is not going to be implausible," Evans told reporters after on the sidelines of an American Economic Association conference. Evans is a voting member of the Fed's policy-setting committee this year.

    (Reporting by Ann Saphir and Jason Lange; Editing by Chizu Nomiyama)





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    http://www.kitco.com/news/2017-01-06/Fed-s-Evans-says-three-hikes-in-2017-not-implausible.html
     
  2. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    Yes a 2 year slowdown heading our way then dropping rates & high inflation we get it.........
    Can't wait for Trump to eliminate you azzhats that F WITH EVERY PART OF OUR LIVES!
    We are ready to go Don! Lets drain that swamp & expose the thief's for who they are.
     
  3. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

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    Hmmm... there is a rush supposedly by foreign interests moving foreign capital into U.S. dollar denominated assets. This is creating demand for $ which pushes the DXU higher & stronger, and also supports U.S. asset prices (equities & bonds) as foreign capital flows into $ assets. Inevitably the foreign capital inflows will fortify the liquidity of the U.S. banking system, which theoretically would entice the banks to loosen up domestic lending.

    The Fed meanwhile is threatening the banks, markets & credit consumers alike with raising rates, i.e. the cost of credit/money. Normally rising rates are the major tool used to cool down a overheated & overvalued economy... yet there are no REAL signs that the macro U.S. economy has moved into overdrive or is even overheating... Equities appear to be frothy, but P.E.'s on the whole are not overdone. Bond prices are no longer rising & are trading in the lower ranges. The new car markets are stabilized at a new but lower annual sales rate... Even home sales have never recovered to the pre-2007/08 GFC. Commodity prices are in the lower bound, while energy prices are range bound struggling to move higher...

    Wheres the economic heat to justify the Feds three future rate hikes??? I dont see it!
     
    Scorpio likes this.

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