I propose adding a new pastime to our gold standards of baseball, barbecues, and JUly 4th fireworks This new pastime I call Fed-Watch or When Will the Fed Raise Rates? Since the financial crisis of 2008, this pastime has gained popularity to the point where this guessing game has become an obsession and started to drive some folks a little batty. Almost as much as who will be the Patriots starting QB. Insanity and Gold Bugs go together like a horse and carriage, peanut butter and jelly and salt and pepper, or so I’ve been told.
Here’s the data the Fed is actually focused on for rates
But now that the U.S. economy is about to have one of the most impressive comeback plays ever in history, this pastime question becomes relevant: When will the Fed raise rates?