SamuelRSmith on 04 March 2015
| Mr Khan said: The fed keeps talking about a rate hike, but it would be moronic on their part to do so. The only pressure to hike rights comes from the freshwater economics noise machine, not from any actual market pressure. While headline unemployment numbers look good, everyone knows its because we haven't dug ourselves out of the labor-force-participation hole, which is why there's still plenty of slack in the labor market and no upwards wage pressure except at the minimum wage end (where retailers are finally starting to move because they can't get people to keep these jobs at those wages even in this economy). |
The USD is going up this year whether the Fed's hike rates or not. At least, that's the bet that the banks are making.
