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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (2808)	2/17/2015 9:26:48 AM
From: Kirk ©	Respond to of 26769

The Fed could raise rates in June. wsj.com Excerpts: Kirk Lindstrom's Investment Letter " "I want June to be a viable option,” Ms. Mester said in an interview with The Wall Street Journal. “That is why I would like to see the language change... Since December, the Fed has said it can be “patient” in deciding when to start raising rates. Ms. Yellen said that means no rate increases for two policy meetings. The Fed’s next meetings are scheduled for March, April and June. So to open the door to rate increases in June, the Fed would need to remove or rewrite the assurance in March.” Atlanta Fed President Dennis Lockhart said in a speech last week that “all possibilities from June on should remain open.” San Francisco Fed President John Williams and Richmond Fed President Jeffrey Lacker have pointed to June. St. Louis Fed President James Bullard called earlier this month for removing the patience guidance. Fed governor Jerome Powell last week also made upbeat comments about the economy. Ms. Mester, who served as research director at the Philadelphia Fed from 2000 to 2014, sees the economy growing at a 3% rate during 2015 and 2016, at the upper end of the Fed’s 2.5% to 3% consensus." “We’ve seen growth pick up. I think there is more momentum in the economy,” she said. “Not that we’re at our goals yet. We’re certainly not at our inflation goal. We’re certainly not at full employment. But we’re close.”