The Fed shows its hawkish side
Breakfast with Benjamin The market is expecting two small hikes, but the Federal Reserve is suggesting that four rate hikes might be on the table in 2016.
- The Fed struts its disconnect with the markets by suggesting that four rate hikes this year might be on the table. The market is thinking maybe two small hikes. “A more aggressive path would be in order.”
- China reverses course on stock-market circuit breakers. In a clumsy effort to marry a state-controlled economy with a free-flowing equity market, China decides to let the chips fall where they may, at least for now. “They’re changing the rules all the time.”
- There are reasons to fear the upcoming earnings season. The headwinds are spooky.
- If judging by the kind of cars (and bicycles) they drive is a fair indicator, the Washington Redskins might be the most frugal players in the NFL. The rich and the thrifty.
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