Fed targeting June for the first rate rise

Fed targeting June for the first rate rise. Richmond Federal Reserve President Jeffrey Lacker says At this point, raising rates in June looks like the attractive option for me. Data between now and then may change my mind, but it would have to be surprising data.... The economy's clearly growing at a more rapid, sustained pace than it was a year ago, he said. Economies that are growing faster need higher real interest rates, and a variety of indicators point to the need for higher real rates. In this article Tim Duy analyzes the recent commentary out of the Fed and concludes The Fed wants to hike in June. They continue to dismiss the inflation data, but they still need wage growth to hike. They dismiss the secular stagnation hypothesis. I hope they are right on that, or this is going to get ugly. Quickly. (VIEW LINK)


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