Hope for it like your Christmas gift, you'll get it only if you haven't been naughty... These expectations and ''hopes'' are as heavy as a particle of dust in a warehouse of clothes to me.
Reserve Bank governor Glenn Stevens expects a US rate rise by Christmas
Reserve Bank governor Glenn Stevens is expecting an increase in the US interest rates "by Christmas". Addressing the Australian parliament's economics committee in Canberra, Mr Stevens said he "was not especially concerned" by the prospect. "A lot of people working in financial markets have never known anything but zero rates. But sooner or later it has to happen. " The US economy was well into recovery, he said. "They've got an extraordinarily accommodative monetary policy," Mr Stevens told the parliament. "It's nine years since they last raised the rate and they went down to the current setting in 2009, so ... (full story)