Not much going on this week and not much to concern the Fed?
The way they see things, isn’t the point of raising rates to slow credit growth?
Are they thinking 0 rates and QE has caused excessive credit expansion?
Aha! Real estate related borrowing is picking up a bit- time to slam the brakes on that market!!!??? 🙁
Or hike because they think it’s time to slow excessive income growth caused by the low rates?
Or maybe they think rate hikes will help the dollar that they think is already too strong as our trade deficit grows even as our petroleum bill falls???
Low rates causing runaway consumer spending???
Should have know, 0 rates and QE caused an investment boom!!!??? 🙁
Maybe they think they need rate hikes to somehow cool govt spending??? 🙁
Makes me wonder what channels the hawks are watching???