“Some believe we may have seen the Federal Reserve’s last rate hike in this cycle, and that the next step from here will be a cut in rates,” says Scott Minerd, chief investment officer at Guggenheim Partners. “I believe that view is plainly wrong.”
The Federal Reserve's next move on monetary policy will be a rate hike as the U.S. economy remains strong and an overseas rebound may be at hand, according to Guggenheim Partners' chief investment officer.
Well, he's been dead wrong for the past 18 months so why listen now?
Agree. Long-term trend is to lower rates, but a short-term rise in the 10 year (200 day ave is 2.84% ) is likely. Euphoria over the trade deal and a continued willingness on the part of government, corporations and consumers to substitute debt for income is central.
good.
so Powell will loose his job?
A hike will kill the growth numbers, though if you trust the data they are showing you, you have no idea how they do their calculation