株式会社 ズルフィカール モーターズ


Apr 10 2015

Rate Range Projection by Bank 

Next week 118.50- 121.50 

Next 3 months 115.00 - 127.00

 

If economic data will demand that the interest rate should be again decreased after hiking interest rates in June, then it would not be the matter of concern or any shame. As Federal Reserve official Jeffrey Lacker on Friday, repeated his call for the central bank to consider hiking interest rates in June. He said in a question and answer session to reporters after a speech that "I don’t see it as problematic to reduce rates having raised them once." "If we were to raise rates, and then subsequently reduce them to zero, it might be unexpected, but presumably we’re setting rates. His speech was a repeat of the policy views he shared late last month. But he offered more details into his stance in the questions he fielded afterward, and also addressed the minutes of the March policy-setting meeting, which got released on Wednesday. According to the minutes "several participants" indicated they expected upcoming economic data would warrant an initial rate increase in June. Participants refer to Fed board officials and regional presidents at the table, while the central bank's policy voters are referred to as members. Lacker is one of the voting members on the policy-setting committee. His call for a June hike comes amid a weak patch in economic data, including a dismal March jobs report, which was less than half February's pace and the smallest gain since December 2013. It also comes as the soaring dollar and falling oil prices have held back inflation measures. But he cited a plunge in the unemployment rate and strong consumer spending as signs the Fed needed to move ahead with its plans to hike. He mentioned "I think we need to take a longer view. We need to look through that in setting interest rate policy.” Lacker, who was speaking at a Global Interdependence Center event, dismissed the notion of labor market slack and said the cyclical effect of what drives a lower labor participation rate is "gone now," so citing the retirement of baby boomers and other factors.



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