The US imports their low rates from Europe. Look at the correlations to the Bund.
If we go from zero to twenty five basis points it will effect nothing other than expectations. If the markets expect the Fed to remain data dependent, the market will coalesce around the next rise. December? Next year?
The American economy is not in emergency mode. There are five million job openings.
The US imports their low rates from Europe. Look at the correlations to the Bund.
If we go from zero to twenty five basis points it will effect nothing other than expectations. If the markets expect the Fed to remain data dependent, the market will coalesce around the next rise. December? Next year?
The American economy is not in emergency mode. There are five million job openings.
http://www.bls.gov/jlt/