" /> Are You Prepared For Rising Interest Rates??? | Gold Silver Reports
Monday, October 24th, 2016 12:24 PM
Breaking News

Home / Articles / Are You Prepared For Rising Interest Rates???

Are You Prepared For Rising Interest Rates???

Are You Prepared For Rising Interest Rates???

Gold Silver Reports — St. Louis Federal Reserve President James Bullard said global markets appear to be “well-prepared” for a Summer interest rate hike from the US Fed, he did not specify a date for the policy move.

“My sense is that markets are well-prepared for a possible rate increase globally, and that this is not too surprising given our liftoff from December and the policy of the committee which has been to try to normalize rates slowly and gradually over time,” Mr. Bullard told a news conference after speaking at an academic conference in Seoul, Korea

“So my ideal is that if all goes well this will come off very smoothly.”

Mr. Bullard added a rebound in US GDP growth seems to be materializing in Q-2 but reserved his opinion on whether the Fed should hike in June or July for the next policy meeting at the US central bank.

His comments followed revised data Friday that showed Q-1 growth in the US was not as weak as analysts expected.

Responding to the GDP data, economists said strong income growth, together with signs the economy was picking up steam in Q-2, could give the Fed ammo to raise interest rates as early as June.

The USD rallied Vs Asian currencies early Monday after the revised GDP data and on Fed Chairwoman Janet Yellen’s comments Friday that a rate hike in the US in coming months would be appropriate.

The CME’s 30-day Fed funds futures project a 28% chance of rate hike in June and a 60% chance in July. — Neal Bhai Reports

About Anil Yadav

Check Also

Fed Hike Won’t Have a Big Impact

Neal Bhai Reports — Fed Hike Won’t Have a Big Impact — The valuation of Indian market may not …

We Make Ideas


Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.

Technically Yours,

Team GoldSilverReports.com, New Delhi, INDIA