April 1, 2011
FTSE today: market report - as it happened April 1, 2011
In the US, Minneapolis Fed President Narayana Kocherlakota told the Wall Street Journal on Thursday that the Fed could raise rates by the end of 2011, far sooner than expected by financial markets. Most analysts do not expect rate hikes until the second half of 2012.
That Narayana, what a prankster!
Tuesday: CoreLogic Home Price Index
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[image: Mortgage Rates] From Matthew Graham at Mortgage News Daily: Everything
is a Sideshow Until May 15th
In a world where all hope for interest rate rel...
1 hour ago
4 comments:
Here is another link to Narayana doing the Pollyanna:
http://www.investing.com/news/central-banks/update-1-fed's-kocherlakota-rates-could-rise-by-end-2011-205021
Liar, liar, yields on fire.
Mr Slippery,
Want really funny?
October 29, 2014
Fed’s Axis of Opposition Shifts from Hawks to Doves
Minneapolis Fed President Narayana Kocherlakota cast the sole dissenting vote Wednesday, saying the Fed should promise to keep short-term rates near zero at least until inflation is forecast to reach 2% within one to two years, and it should continue the bond purchases.
See? It really was an April Fool's Day prank back in 2011. Rising interest rates? Just kidding! ;)
I just read the guys Wikipedia page. He's all over the map regarding stimulus, interest rates, etc.
Impressive academic resume. As for common sense........ good grief.
mab,
Quick interjection: When he keeps saying 'stim for us,' he does mean stimulus? ;)
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