For our locals interested in economic data . . . The latest numbers for this part of the nation don't look good and aren't being reported by the mainstream. Take a peek: No Signs of Life in Fed Manufacturing Reports: Add Kansas City to List
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- The Management
Janet Yellen preparing to speak-in-tongues from KC FED's Jackson Hole Wyoming summer retreat.
ReplyDeleteFederal Reserve will NOT raise rates before the election because they are PARTISAN and desperately want Clinton to win in NOV.
JACKSON HOLE, WYO.—Federal Reserve Chairwoman Janet Yellen signaled growing conviction that the central bank will raise short-term interest rates in the weeks or months ahead.
“In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Ms. Yellen said in remarks prepared for delivery here.
The Fed pushed rates to near zero in December 2008, kept them there for seven years and then nudged them up a quarter percentage point last December. Officials began the year expecting to raise rates four times in quarter-point increments but have delayed moving them because economic growth disappointed in the first half of the year and because they were uncertain about developments overseas and about the strength of the U.S. job market after some soft reports.