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  • Fed Should Consider a Half-Point July Rate Hike If June Is a Skip, Summers Says

    From bnnbloomberg.ca

    The Federal Reserve should be open to raising interest rates by a half percentage point in July if it opts to hold off from tightening credit this month, former Treasury Secretary Lawrence Summers said. “We are again in a situation where the risks of overheating the economy are the primary risks that the Fed needs to be mindful of,” the Harvard University professor said in an interview with Bloomberg Television’s David Westin on Friday. Federal Reserve Governor Philip Jefferson – who has been nominated to become vice chair — signaled on May 31 that the central bank is inclined to keep interest rates steady ... (full story)

  •  Guest
  • | IP XXX.XXX.131.23
Fed shouldn't really consider any rate hike anymore. Only now does the lag effect comes into play and only now will the effect of rate hikes start to be felt.
  •  Guest
  • | IP XXX.XXX.219.218
Biden fell. So will the rate.
  •  Guest
  • | IP XX.XXX.3.90
They should raise by half a point now. Inflation is out of control and the Fed has failed in their job completely. Residential real estate has gone up substantially over the last couple months. Everyone who wants a job can get one. Oil prices look to have found a bottom. There is basically nothing going in the Fed’s favor with Washington continuing to overspend nonstop.
  •  Guest
  • | IP XX.XXX.198.212
Quoting Guest
They should raise by half a point now. Inflation is out of control and the Fed has failed in their job completely. Residential real estate has gone up substantially over the last couple months. Everyone who wants a job can get one. Oil prices look to have found a bottom. There is basically nothing going in the Fed’s favor with Washington continuing to overspend nonstop.
Keep in mind though that rate hikes from a year ago has only now started to affect economy. All those huge rate hikes by 75bps are about to hit the economy now and I doubt and more rate hikes are necessary. BOC made a good decision to pause and not continue with rate hikes. Look at New Zealand. They are probably about to enter recession this month, probably.
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  •  Guest
  • | IP X.XXX.31.191
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