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Fed's Lacker Admits Fed Is "Market" Data-Dependent

Tyler Durden's picture




 

As if we needed yet more confirmation that The Fed is Dow-Data-Dependent (not economic data dependent), Reuters reports that The Fed's Jeff Lacker thinks rate shoould rise now that "markets have calmed"...

Global financial markets have settled since the August turmoil that caused the U.S. Federal Reserve to delay raising rates, so that it will soon be appropriate to make the policy change, Atlanta Fed President Dennis Lockhart said on Wednesday.

 

"I am now reasonably satisfied the situation has settled down... So I am comfortable with moving off zero soon, conditioned on no marked deterioration in economic conditions," Lockhart told a conference of bankers, traders and regulators.

 

"I believe it will soon be appropriate to begin a new policy phase," he said, adding he will monitor economic data between now and a policy meeting on Dec. 15-16.

So what changed?

 

Which begs the question - what happens if VIX rises and stocks fall between now and December?

 

Charts: Bloomberg

 

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Wed, 11/18/2015 - 12:33 | 6809251 order66
order66's picture

Shit sandwich. Doesn't matter where you bite in, it tastes like crap.

Wed, 11/18/2015 - 12:38 | 6809280 MadVladtheconquerer
MadVladtheconquerer's picture

Moral of the story:  don't eat shit sandwiches.

Wed, 11/18/2015 - 12:42 | 6809309 Boris Alatovkrap
Boris Alatovkrap's picture

Lying liar is lie.

Wed, 11/18/2015 - 12:47 | 6809331 MadVladtheconquerer
MadVladtheconquerer's picture

The advice, however, is sound.  Unless of course, you like shit sandwiches.  Then by all means, munch away.

Wed, 11/18/2015 - 12:38 | 6809286 KnuckleDragger-X
KnuckleDragger-X's picture

Give me a double decker turd burger and a side shit for brains to go with it......

Wed, 11/18/2015 - 12:45 | 6809319 MadVladtheconquerer
MadVladtheconquerer's picture

You make an interesting point re my alternative monetary equivalent:  the turdollar.

Some people would be especially wealthy for all that shit stored btw/ their ears.

I expect most Oblowme voters would be fucking multizillionaires.

 

Wed, 11/18/2015 - 13:10 | 6809451 KnuckleDragger-X
Wed, 11/18/2015 - 12:35 | 6809260 Gatos Locos
Gatos Locos's picture

Fuck you Dudley! Fuck you Lacker!  It is  not your fucking job to worry about the  stock bubble.  You need to get off you ass and get off your Keynsian horse you dipshit.

Wed, 11/18/2015 - 13:04 | 6809423 grumpyoldgit
grumpyoldgit's picture

more like he has to take head out of the ass of the keynesian horse

Wed, 11/18/2015 - 12:34 | 6809261 jmcadg
jmcadg's picture

Bored.

Wed, 11/18/2015 - 12:36 | 6809271 MadVladtheconquerer
MadVladtheconquerer's picture

Meanwhile, the major indices having turned back into the green, are surging.

Don't fight the Fed.

 

Wed, 11/18/2015 - 12:36 | 6809273 Not if_ But When
Not if_ But When's picture

FED's overriding mandate.  Ensure the stability of the stock market with a rising trend.  (and serve banks, etc).

The announced dual mandate is for public consumption only.

Wed, 11/18/2015 - 14:51 | 6809912 Kaervek
Kaervek's picture

Thats about as likely to happen as this december rate hike all the "economists" seem to be so sure of

Wed, 11/18/2015 - 12:49 | 6809347 gmak
gmak's picture

S#!T  His lips were moving.

Wed, 11/18/2015 - 12:52 | 6809359 YesWeKahn
YesWeKahn's picture

We knew since the beginning that FED's emplyees are day traders.

Wed, 11/18/2015 - 12:52 | 6809360 pound the vix
pound the vix's picture

When terrorist kill hundreds and the market finds it as good news, we really have reached a low in our morals and perception.  It is time to take the free money away from these sociopaths.

Wed, 11/18/2015 - 13:01 | 6809404 QQQBall
QQQBall's picture

Soon. like by 2021 soon?

Wed, 11/18/2015 - 13:07 | 6809437 Kaiser Sousa
Kaiser Sousa's picture

keep talkin...

got my finger on the Silver buy button and gonna push it if it touches the $13 handel...........

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