What's the collective noun for a group of headlines?
I really need one, 'cause there've been a heap of them in the past 24 hours ('heap' just doesn't sound right):
- Feds Rosengren/Lockhart Q&A comments from two sides of the pond
- Feds Rosengren: Conditions not yet warranting a Fed rate hike.
- Fed's Mester: Comfortable with rate hike 'relatively soon' if economy rebounds
- Fed's Lockhart strikes a less-hawkish tone
- Fed's Fischer says Q1 was 'poor', doesn't know about Q2
- Comments from Fed's Lacker on monetary policy
- NY Fed's Potter: NY Fed market desk is ready for rate lift off
And there's plenty more where that lot came from ...
But ... here's the thing ... This is what's happening, summarised
- The Fed can raise rates
- The Fed will raise rates
and ...
A patch of soft economic data has created uncertainty inside the Federal Reserve about when to start raising short-term interest rates, reducing the probability of a move by midyear.
That quote is from a Wall Street Journal article (gated, but here's the link if you can access it: Fed Officials Express Increasing Concern Over Weak Economic Data
Will it be June (seems unlikely), July, September, October, December (or all of the above!)? - That's the right question. Its coming ... and its data dependent, so watching the US and global economic data is going to be important over coming months (pure technical analysts can disregard, of course).