Friday, August 26, 2016

Fischer Spills the Beans?

Stanley Fischer was being interviewed. When asked if he thought that the Fed would raise rates later this year, or even twice this year, he answered, "yes to both your questions". The stocks started selling at those words. The stock indexes have some soul searching to do with the prospect of a raise in interest rates. There have been two or three "tantrums" at the prospect of this over the last few years.
Earnings for some retailers have been surprisingly weak. Notably Dollar General yesterday.
The Fed may get the timing wrong. That is the risk.

Free Falling

Time for another tantrum?



No comments:

Post a Comment

All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh