Good morning … from the Fed Reuters: Fed's Mester says one more U.S. rate hike may be needed … “I suspect we may well need to raise the fed funds rate once more this year and then hold it there for some time as we accumulate more information on economic developments and assess the effects of the tightening in financial conditions that has already occurred,” Mester said in the text of a speech to a group in Cleveland…
And what does Steve have to say about Santelli's potential 13% yielding 10 yr note in the not-to-distant future? A 5-handle on that 10 yr appears incoming....
I'm NOT a crash caller, but when Gold's slammed yields UP dollar UP oil (EARL!) UP (interesting mid-day EARL reversal today) gets my attention. BIG time. I'm on Crash Watch. If nothing else, CONfidence in the US of A appears to be Wanning currently.
And what does Steve have to say about Santelli's potential 13% yielding 10 yr note in the not-to-distant future? A 5-handle on that 10 yr appears incoming....
I'm NOT a crash caller, but when Gold's slammed yields UP dollar UP oil (EARL!) UP (interesting mid-day EARL reversal today) gets my attention. BIG time. I'm on Crash Watch. If nothing else, CONfidence in the US of A appears to be Wanning currently.
hopefully today's note answered 1st part ... :)
Cool settling in to the big chair now!