Fed out of options as earnings recession begins

“There will never be a good time to raise rates off zero when you’ve been there for six years,” Peter Boockvar, chief market analyst at The Lindsey Group, told CNBC. “The Fed’s screwed, essentially.”

Actually, the Fed members are well looked after financially, it’s the economy and asset markets that must pay the price.  Here is a direct video link.

“…the Fed has indicated a desire to tighten at a time when its biggest global counterparts are easing. That’s resulted in a firming of the dollar, a looming earnings recession in which U.S. profits are forecast to decline in two consecutive quarters—and could well turn negative for the year—and first-quarter GDP gains that could be anemic or nonexistent.

…some on Wall Street believe the market has not come to terms yet with just what is about to happen with monetary policy.”

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