Monday, November 23, 2015

Fed Vice Chair Fischer Signals Rate Hike

They are pouring it on and alerting everyone a rate hike is coming. The only thing stopping them now will be an extremely bad piece of economic data or a crash in a market somewhere, like the mini-crash in China that occurred just before the September FOMC meeting.

Fed Vice Chairman Stanley Fischer in prepared remarks for a conference sponsored by the San Francisco Fed said last week Thursday that "some major central banks" could move away from near-zero interest rate policy "in the relatively near future."

"We have done everything we can to avoid surprising the markets and governments when we move."

The entire speech in which the above comments are buried is here.


1 comment:

  1. Economic growth reports relating to Q3 2015 suggest a clear slowdown world-wide except in a couple of countries. Viewed in this light , it may be worthwhile to say that this Vedic astrology writer’s predictions in monumental article – Stressful times ahead for world economy in 2015 and 2016 – published over 17 months past from now in online magazine on 2 June 2014. Just reproducing the prediction covering May 2015 to October 2015 briefly from the article : - “ discernible concerns would surface. Definite rumbles of distress would be heard.” At present , we are in third phase covering November , 2015 to mid- 2016 which has been characterized to be : “ A major concern is likely to happen.” It may , however, be observed that these predictions indicate likely trends which are not synonymous with determinism. In scheme of human affairs , there is always a scope for sufficient and appropriate strategy to either reduce gravity of outcome of planetary impacts or in some cases obviate as well.