A Trend is a Trend

This one just happens to be the hawkish tone of Federal Reserve bankers. I've been talking about this since late 2010, mentioning that the new crop of 2011 FOMC voters would be more hawkish then the 2010 crowd.


The inflation issue has been a weekly, sometimes daily post.


This week I talked about the unusual number of Fed speaking engagements this week and thus far how hawkish they have been. Here's one more to add to the pile.


From Market Watch, Narayana Kocherlakota of the Minneapolis Federal Reserve Bank says the Fed Funds Rate may rise to 75 basis points by year end.


If you think the market didn't like the uncertainty between the end of QE1 and before the "Jackson Hole Speech", imagine how much worse it could be this time around with funds at maximum leverage and asset prices... well, lets say unreasonable when compared to the economy in 2006.