Non-voting current Fed member Esther George, president of the Kansas City Fed, at a dinner Tuesday night in Kansas City called for the Fed not to wait too long before hiking interest rates
A known hawk, George used the phrase "relatively soon" and urged the Fed to shrink its $4.3 trillion balance sheet of which $1.7 trillion is in mortgage-backed securities.
http://www.marketwatch.com/story/feds-george-says-economy-ready-for-higher-rates-2014-07-15
The chart of the day: A crude pop is in the offing, says Market Anthropology’s Erik Swarts, who uses this chart to support his case. “With light sweet crude falling another 2% on the day, the commodity looks quite attractive for those looking to either diversify a portfolio, or capture the next leg higher, which we believe has already been foreshadowed by the recent moves in precious metals,” he wrote.
The above is from Market Watch and goes along with what we've been blogging about a pullback in energy and our recent post on another site, financialspuds.blogspot.com, called We Don't Need Your Well-Thought-Out Advice
re louis
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