Too Late To Get The Interest Rate Horse Back In The Barn

July 03, 2013   |   July 2013 Bond Updates
The cat's out of the bag. The horse has bolted the barn. Meaning that QE's withdrawal and probable demise is already in the markets, without there being any concrete official decision on raising interest rates. The attempt by some Fed officials to talk back Chairman Bernanke's intentions cannot be expunged from the record books. It doesn't matter that Fed board member Jeremy Stein tried to talk rates back down by asserting that no interest rate had been raised. The market did not back up on Stein's accurate declaration, because it was on notice that QE was unlikely to last forever.

View more at: http://www.forbes.com/sites/robertlenzner/2013/07/03/too-late-to-get-the-interest-rate-horse-back-in-the-barn/
 
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