US Bond Market Week in Review: A Rate Hike is a Lock, Edition

     We had a number of Fed speakers this week.  Philly Fed President Lacker stated, “The economy is displaying considerable strength.”  Regarding the employment situation, he approvingly cited the U3 and U6 levels, the historically low number of layoffs, and the high level of quits as indicators of labor market health.  He also believes inflation will be at 2% within the next 24 months.      Boston Fed President Rosengren also views the current situation positively.  While citing U3 and U6 rates, he also noted the unemployment rate for people with only a high school diploma was 5.1% and that the…

Source: XE news feed
US Bond Market Week in Review: A Rate Hike is a Lock, Edition