from Kerry Lutz's Financial Survival Network
James Locke is back… Federal Reserve – to hike or not to hike? Pause is expected – further notes after the release of the interest rate move. Bullish stocks, low bond yields and recovering housing market suggest interest rates aren’t that restrictive. The Fed’s mission has been to get interest rates high enough to slash inflation from its current 4% to 5% range to 2%, even if that means pushing the economy into recession and unemployment higher. If the Fed had succeeded, you probably wouldn’t be seeing these things: stocks entering a new bull market, a rebounding housing market or long-term Treasury yields well below the inflation rate.
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