It seem to make no sene that the Fed would be entertaining interest rate hikes when the housing market and economy are not doing that well.
China and Japan are lowering rates and a rate increase may crash the economy and stock market – so why would the Fed raise rates?
Perhaps to drum up declining demand for U.S. Treasuries.
Indeed. Treasuries are import. Housing is not.
The health of the U.S. economy can't be measured by treasuries, but it can by housing and the housing industry is moribund.
Louis Cammarosano
Hampton, NH
Lenn
The fed's top alligances are to its bank shareholders/& the U.S. Government NOT the economy or the housing market.
If raising rates hurt the economy or housing market but helps the govt issue bonds and helps the banks they will raise rates
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