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Fed's Evans says three hikes in 2017 not implausible


Founding Member
Board Elder
Site Mgr
Sr Site Supporter
Mar 25, 2010
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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



Gold Member
Gold Chaser
Apr 6, 2011
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.


GIM Founding Member & Mod.
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Site Mgr
Site Supporter
Oct 15, 2012
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!