07 Thursday Jul 2016
Posted | July 7, 2016 9:48:56 | Economics
The market does not expect any rate hikes all the way through June of 2017, and in fact beyond. June of 2017 is the furthest CME Rate Hike Calculations go.
Let’s compare market expectations to a “Dot Plot” of Fed governor rate hike expectations.
Rate Hike Expectations for June 2017
Dot Plot of Fed Hike Expectations
Mike “Mish” Shedlock
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Considering the realistic alternatives, becoming Japan may well be the, so far, unstated policy goal of the Fed by now.
Becoming Japan was a forgone conclusion for the rest of the industrialized world. They were leading the way to who knows where.
The problem for most of the rest of the Industrialized world, is that they are missing a key ingredient: The Japanese. Instead they are, for better or worse, stuck with Argentinians. Nice on the soccer field, less so as social unrest and criminalization is concerned.
P H K
Not to belabor the Interest Rate issue….but this article is certainly supportive of Lacy’s position.
FN
Prices are going up across the board…until today when the Race War began in earnest. I expect prices to collapse imminently as this “New War” unleashed by the Federal Government on the American People starts ramping up.
I don’t see the bulk of State and Local Governments in the USA remaining solvent for much longer.
Rate hike(s)?
What are the odds on Yellen heading for NIRPville?
The only tool left in the Fed “toolkit” – “Blah, blah, blahblah, blah, blahblah.”
Expect a lot of it.
Today’s employment report is lifting the odds of a rate hike, still below 50% by all the way out for a year.