by Dan Norcini
Trader Dan
There seems to be a growing line of thought that the Fed may go with a rate hike this month. Traders are apparently looking at these various Fed governors’ speeches and coming to a conclusion that they are trying to prep the markets for a rate increase.
Boston Fed Governor Rosengren commented this AM about the risk of waiting too long to hike rates. He had tightening labor markets in mind. Then we had an announcement that another Fed governor, Ms. Brainard is set to deliver a speech late Monday afternoon. Since she has been a fairly vocal dove, traders are speculating that she might change her tune somewhat.