"The market can remain irrational longer than you can remain solvent"
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Fed Not As Convinced About June As Markets
Market participants place less than 10 percent chance of a rate hike in June. In contrast, San Francisco Federal Reserve President John Williams continues hold out hope for a third. Via Reuters: Two to three rate increases this year "definitely still makes sense," he said... Williams, a centrist whose views are generally in line with those of Fed Chair Janet Yellen, said he has not yet conferred with his staff economists over whether the next rate increase would be best made in June, July or September... ...With most gauges of the labor market suggesting the United States is at or nearly at full employment, he said, ... (full story)