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Does fed really consider rate hike in September? Or why could we ponder that rate hike remains untouched in September also?
Why investment banks are so keen on fed's rate decision?
More interestingly shedding some light on the below question would divulge the insights,
Why does fed need rate hike when all else is moving US economy smoothly?
Yes, no doubt Ms. Yellen has stated in press conference subsequently after the Fed's statement and intimates that economy is likely to do well enough for the central bank to raise rates this year. But is it enough to jumping into the guns?
She did not commit to a September increase though and but views were maintained that the Fed's decision will be dependent on the evolving economic data.
In large part this reflects the fact that seven FOMC participants are now projecting zero or one rate hike this year, a group that we believe includes Fed Chair Janet Yellen.
Majority of the economists in the streets projects for a rate increase in September, Fed hiking interest rates for the first time in nine years, a revision from its earlier prediction that the long-awaited rate liftoff would come in September.
So, skeptism still prevails on sustainability of economic growth. One illogical rate hike decision disrupting economy is not at all appreciable.
- US consumer prices posted largest increase to at 241.76 (0.4% up) in more than two years.
- Unemployment claims cut down last week to a near 15-year low (current 267k narrowed from previous 279k).
- Factory activity in the mid-Atlantic region accelerated to a six-month high in June.
- Upbeat numbers of Philadelphia manufacturing survey indicates the trends in manufacturing sector which is fairly healthy. (Printed at 15.2 a way beyond 8 and 6.7 of forecasts and previous prints respectively).
