By Jann Swanson
Posted To: MND NewsWire
Any change in interest rates will be sprung on the markets if John Williams, Federal Reserve Bank of San Francisco president, gets his way. While we suspect that any shock value surrounding this particular event would be moot, Williams told CNBC this week that “My personal preference is that we don’t have the most telegraphed policy decisions in history, as we did in 2004.” He added “You don’t want to make a decision two months or three months in advance.” While it appeared unrelated to William’s remark, Wells Fargo Bank just released the first in a series of articles which seek to quantify the expected reaction of a fed funds rate shock on several different markets. The bank cites the example of then Fed chairman Ben Bernanke’s comments in the summer of 2013 which caused investors to revise…(read more)
Via:: Would a Fed Rate Hike Surprise Really Matter?
