Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Chicago Fed Sticks With Three, Possibly Four Rate Hikes This Year

IMG Auteur
Published : March 29th, 2017
315 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

Chicago Fed President Charles Evans still sticks with his rosy economic forecast: Three 2017 Rate Rises Plausible, Four Possible if Inflation Picks Up.

Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank could raise short-term interest rates four times this year if inflation picks up, but suggested three increases remain more plausible.

“At the moment, I don’t see the data, I don’t have the confidence” for four rate increases in 2017, he said at an event held in Madrid by the Global Interdependence Center. “If I thought that I was inclined to four rate hikes for 2017, I would presumably be seeing a much stronger lift in inflation.”

Mr. Evans said long-term inflation expectations in the U.S. are running below the central bank’s 2% target, even though short-term prices are nearing that objective.

The failure of the health-care bill that was backed by Republican House leaders adds to the uncertainties confronting the U.S. economy, Mr. Evans said. U.S. trade policy is another area of uncertainty. “We’re waiting in the U.S., as around the world, for a better articulation of exactly what the trade policies will be,” he said.

Uncertainty Nonsense

Is uncertainty greater or less now that the Obamacare Replacement measure failed?

— Mike Mish Shedlock (@MishGEA) March 28, 2017

Dot Plot

The above “Dot Plot” shows two FOMC participants believe the Fed is done hiking for the year. One participant is truly in Fantasyland, expecting the Fed to hike to the range 2.00 to 2.25. Amazing.

June Forecast

The market thinks it is close to 50% whether or not the Fed hikes in June.

December Forecast

At the December meeting, the market believes two more rate hikes are in the bag, with the third being just over 50% (albeit with a 17 percent chance of more).

I side with the two participants who expect no more hikes.

Mike “Mish” Shedlock

Source : mishtalk.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Things To Come
12 JunJim C.-1
Surely Kunstler cannot be ignorant of economics, of the direct correlation between the production of wealth and Capitalism, and the subsequent crea...
The Government Is Desperate To Re-Stimulate Housing Sales - Dave Kr...
09 Junmlyons1
While they are picturesque, the Canadian Federal Parliament buildings (shown in the picture) have little connection with an article related to the ...
The Escape from Collectivism - Jeff Thomas
10 Junsam_site-2
As I said before, collectivism depends on handicapping the public to create a nation of clinging, helpless, entitled patients and is a top priority...
Bing Bong, Karl Marx Calling!
08 Junkevthorne1
'Pre-World War I' was not so bad, according to my old granddad (now deceased, of course). No income tax, no passports or security checks to tra...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS