The Federal Reserve wants you to believe that the June policy meeting could result in the bank raising interest rates. Really. It could happen. They want to do it. No kidding.
There’s been a virtual Greek chorus outside the Eccles Building proclaiming this the past week or so. John Williams, from the San Francisco Fed, was at it again this morning, insisting that nothing will keep the Fed from raising rates (except the data, of course) if it deems doing so appropriate.
The market is listening, but not exactly buying it.
In fact, the Fed seems to be “looping”!