Ed Peters
Ed Peters
ahead fed given market raise recent strictly
If the Fed doesn't raise rates, it's strictly for morale. Given the recent market swings, they're going to go ahead with the increase. There will probably be two more hikes.
generally interest rate sensitive stocks strong tech
There's a strong sensitivity now to interest rate increases, and high-priced stocks such as tech stocks are generally more sensitive to that.
carried fed market minutes optimism shot
There was a shot of optimism from the Fed minutes and I think that's what has carried the market through so far.
concerned dropping employment everybody fed likely mean rate report showing wage waiting
I think everybody is waiting for the employment data. If unemployment is still dropping when we've just had a report showing productivity is declining, then the Fed would be really concerned about wage inflation. That would mean we would be more likely to see more than one or two rate hikes.
economy less optimistic people pull push
There is a push and pull between the people who want to be optimistic about the economy and those who are less so.