if Greece holds its ground and the EU does what it needs to normalize the disparity that has gotten so grossly perverse in its extremes, then the Fed had better take notice, follow suit or it will be gone from its own implosion of stupidity. #EndTheFed #HardBlockStupid
If you think that Greece and China are going to keep the Federal Reserve from starting to raise interest rates later in 2015, you might want to see what Chair Janet Yellen’s latest commentary on the matter is. Yellen was speaking at the City Club of Cleveland on Friday. Her view: get ready the interest rate hike cycle this year.
Before you hit the panic button and decide to sell out of all of your bond assets, you might also want to pay attention to the degree to which those rates are likely to be raised.
My own outlook for the economy and inflation is broadly consistent with the central tendency of the projections submitted by FOMC participants at the time of our June meeting. Based on my outlook, I expect that it will be appropriate at some point later this year to take the first step to…
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