Boston Fed’s Eric Rosengren spewed forth more attempts to define the narrative as an improving one in which The Fed hikes rates to “save the world.” Unfortunately, almost every word he uttered is pure propaganda and utterly false based on his “guess” – which has been so spot on for years.
First he utters…
- *ROSENGREN: LIKELIHOOD OF FED RATE HIKES HIGHER THAN MKT PRICING
Seems The Fed knows so much better than the ‘market’…
Then he proclaimed…
- *ROSENGREN: MARKET REMAINS TOO PESSIMISTIC ABOUT U.S. ECONOMY
Does this look like a market that is “too pessimistic” about the US economy?
Seems like bonds had it right all along…
Credibility just went negative.
via http://ift.tt/1Yo16lQ Tyler Durden