Fed’s Williams joins Rosengren and Evans in the belief that we’ve accomplished what we’ve sought out. It cannot get any better than this. Ergo, it’s now time to slow the economy down now. God forbid we permitted it to overheat and to grow more than 2% per annum.
In his own words, Fed’s Williams said that by lifting rates, we could “prevent the economy from overheating… I would not rule out more than three increases total for this year,” Williams told an economists’ club in New York.
“With an economy at full employment, inflation nearing the Fed’s 2 percent goal, and the expansion now in its eighth year, the data have spoken and the message is clear: We’ve largely attained the hard-sought recovery we’ve been after for the past nine years,” added Williams, who is close to Fed Chair Janet Yellen and who regains a vote on the Fed’s policy committee next year under a rotation.
Get ready for lots of hikes, irrespective of the data you stupid shit. The Fed knows best.
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As bears said, it was never going to result in new-cycle growth, it was never going to “work”
All they have is a tripled-pile of stocks with the residual and decomposing refuse underneath it
So don’t give me that “they tripled stocks” argument (extra cackle)
And you’re going to whine about raising after 8 or 12 or 16 years of lowering?
(extra animus)
NIRP hasn’t helped growth…..a rising interest environment – from such a low base line won’t kill off growth.
$XLF didn’t seem to react this news…. keep an eye on Goldman Slacks….weekly closing below 227 not so good opens the trap door for a move to 205+/-… which really is only a 50% correction of the move off the June dbl bottom lows……
I’m not an economist by any stretch, but where is the bubble that is about to blow us to kingdom come? There is no bubble, there is only suction sounds. A few too many condo tall skinny towers yes but no bubble formations globally I think.
Afterthought, possibly a bubble is in Chink.
Just because nothing feels or seems parabolic, doesnt mean there arent overstretched overextended overstressed metrics
Government backed paper is the bubble
I am telling you, the man and the dog are definitely working together.
https://tinyurl.com/m6vknlk