Friday, March 4, 2016
Economy: So Long Negative Interest Rates
Today we learned that American companies added 230,000 workers to payrolls in February, the unemployment rate stayed at 4.9%. The latest numbers for personal income & spending, retail sales, industrial production & durable goods orders show solid growth as well (driveby).
The core inflation rate - without energy & food prices - climbed onto 2.2% annually (blogspot). And commodity prices are already soaring (tradingeconomics). Brent Crude, the future for the international type of oil, costs $38, that´s already 30% more than in late January. Prices for copper, iron ore and other metals are also rising.
I reckon that the Fed will deliver the expected 4 interest rate hikes this year, beginning this March. So long negative interest rates!