by Daily Bell Staff
The Daily Bell
Conditions for a rate increase by the Federal Reserve are “on the verge of broadly being met,” Eric Rosengren, president of the Federal Reserve Bank of Boston, told the Financial Times … According to an article on Sunday, Rosengren told the FT he was getting ready to back tighter monetary policy as economic and financial indicators had become more positive. – Reuters
The more you find out about how central banks operate, the stranger the system seems.
Gold has moved down of late while stocks have been mixed. But the last time the Fed raised rates in December, stocks nearly collapsed.
Are we supposed to believe this time round there will be a different outcome? According to some at the Fed, the answer is yes.
Eric Rosengren explains that “economic and financial indicators [have] become more positive in the US.