Despite Wall Street Conniptions, Another Fed Dove Caves…”Rate hikes are coming. September is the hot date.”

by Wolf Richter
WolfStreet.com
July 13, 2015

“I don’t rule out any of the meetings from here on out,” Boston Fed President Eric Rosengren said about the propitious moment when the Fed would raise interest rates. He is one of the three ultra-doves on the Federal Open Markets Committee that sets the rate policy. It’s the doves that matter. And another one just caved.

“Any” of the meetings? The next meetings are on July 28-29 and on September 16-17. So this could be pretty soon. It would be the Fed’s first rate hike since June 2006, and for many souls on Wall Street, the first rate hike in their careers:

The rest…HERE

This entry was posted on Monday, July 13th, 2015 at 1:32 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.