No More Fed Rate Hikes in 2019…
No More Fed Rate Hikes in 2019…
The fundamentals are “sound”?:
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Relevant and even prescient commentary on news, politics and the economy.
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This is really, really stupid.
The Fed,or anyone else has no real idea where
the economy will be in 9 months. We could be
in a boom or in a free fall yet the bond and stock
markets are reacting to this “FORECAST” as
if it were real honest to goodness economic
facts.
How did economic policy makers allow themselves to
become mired in making public policy forecast of
things that are impossible to know? I can understand
market traders where tomorrow’s opening is the long run
trading on such things, but how can economists and
investors take it seriously?
What makes you think investors take it seriously?
Back a few years ago he Fed predicted rate hikes for 6 years and investors ignored it
,The simple fact is if you look at the data the Fed has, for the last 40 years, simply followed whatever the market rates have done. If you want to know whether the Fed will raise rates simply check the market rates before the Fed FOMC meeting