Silent Ambiguity

Where have all the Fed Board Governors gone? Where are the Fed’s regional bank Presidents and their seemingly endless speaking tour to muse about the future direction of monetary policy with every tick of the S&P 500? Of course, it is the heart of summer, so it’s a good time for an FOMC member to get some much needed time off. And how many conferences are happening in early August for the Fed to speak at anyway. But just because the Fed is quiet right now does not mean that the chance for a rate hike at their September meeting is not still very much on the table. In fact, the market today may be vastly underestimating the potential for a rate hike coming out of their next FOMC meeting on September 20-21.

Please click on the link to read more of my article on Seeking Alpha.

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