Economy: So Long Negative Interest Rates

(Drivebycuriosity) - There has been a lot chatter about negative interest rates recently. The scaremongers claimed that the Federal Reserve Bank (Fed) will be forced into negative rates sooner rather than later. So wrong!

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!