Search This Blog

Thursday, September 28, 2017

The US interest rate hike in December 2017 is a fait accompli.

FED Chair Janet Yellen said recently that she and her colleagues had misjudged and adopted the wrong monetary policies based on the FED preferred inflation target of 2%. Therefore, she would continue to gradually increase the interest rates in the future to rectify the mishandling of the economy and disregard the unachievable 2% inflation rate.

Now, we have another Fed governor supporting her.

1 comment:

Eric Ho said...

The expectation of the interest rate hike is causing the USD to appreciate. It seems that nothing will hold Janet Yellen back unless a Korea peninsula war breaks out.