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Why Is The Fed So Desperate To Hike?

Yellen’s speech today in Jackson Hole shows a Fed that appears desperate to hike rates. Why?

Here are the last four quarters of GDP.

  • 3rd Quarter 2015: 2.0%
  • 4th Quarter 2015: 0.9%
  • 1st Quarter 2016: 0.8%
  • 2nd Quarter 2016: 1.1%

It’s highly unlikely the Fed believes 1% is the new normal for robust growth. So why is it so desperate to hike rates?

Top Reason Fed Wants To Hike
1. Asset bubble worry
2. Strong jobs inflation
3. So it can cut later
4. Fed clueless

— Mike Shedlock (@MishGEA)

No Confidence

Despite...


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