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« Gold Coins vs. Bullion | Main | Why Stocks Could Fall 50% if the Fed Makes the Wrong Move »
Saturday
Aug292015

Interest rate hike a tougher call after a volatile week in the markets

Janet Yellen

A week ago, it seemed almost certain: The Federal Reserve would raise its key short-term interest rate next month after holding it near zero for close to seven years. Policy makers, over the past few months, had signaled as much as the US economy continued to grow steadily and the unemployment rate continued to fall.

But that was then.

After last week’s gyrations in global stock markets, largely tied to fears about China’s slowing economy, the debate over whether the Fed should hike rates was renewed. Fed officials themselves seemed rattled and divided what to do.

On Monday, as stocks plunged around the world, Dennis P. Lockhart, president of the Federal Reserve Bank of Atlanta, said he expected policy makers to stick to the tentative plan to raise rates in September. But a few days later, William C. Dudley, president of the Federal Reserve Bank of New York, tried to reassure markets by saying the argument for raising rates had become “less compelling.”

Members of the Fed’s Open Market Committee meet Sept. 16 and 17. Should they raise interest rates?

read more....


Could this be the final capitulation?

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