Lacker: The Fed Has No Specific Timetable For Raising Interest Rates.

On Friday (January 9th), Richmond Fed chairman Lake (Jeffrey M. Lacker) said that the market had widely expected that the Federal Reserve would start raising interest rates this year, but the Fed did not have a preset timetable for raising interest rates. Unless the economic outlook changed rapidly, policy judgments must also be adjusted accordingly.

Lake is the only hawkish member of the Federal Open Market Committee (FOMC) who has voting rights this year. He warned the Federal Reserve that it should not be too late to raise interest rates, which made him disagree with other voting members including Yellen, who believe that the Federal Reserve should maintain ultra-low interest rate policy before the job market has fully recovered.

It also said that the US labor market and consumer confidence continued to improve, and the actual GDP in the US is expected to grow 2.5% to 3% in 2015.

The recent drop in oil prices has depressed the United States.

But Reke pointed out that the US inflation rate will be close to 2% of the inflation target after the decline in energy prices, and policymakers should try to see the obvious temporary.

We should work out a suitable path for interest rates.

Shortly before the day of her speech, the US Labor Department released data on new non farm workers in December 2014. Data showed that the employment market in the US continued to pick up in December, and the number of new jobs reached 252 thousand. The unemployment rate also dropped to a seven year low of 5.6%. However, Fed chairman Yellen's most concerned salary growth rate slowed down compared with the same period last year. Mixed data showed a slight uncertainty for the Fed's rate hike expectations, after which the market generally expected the fed to raise interest rates in the middle of this year.

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The purpose of the central move is still very obvious. It is not aimed at striking the balance of treasure, but rather by reducing the flow cost of money. Otherwise, it is also a money based financial product or fund that allows the currency to have arbitrage space under the premise of constant financing cost, and speculators are eager to disrupt the normal investment.

In the absence of printing money, increase market liquidity and reduce the average reserve requirement.

In fact, there is a logic in this series of measures: encouraging loans, going to bubbles, and encouraging investment.

All short-term arbitrage is short and the return of all financial products will eventually return to their original attributes.

The nature of IMF can not have the yield of short-term financial products for a long time, because it must have one-to-one correspondence to make the market operate normally. Otherwise, it is like a train running on two tracks, and there is always a risk of capsizing.

This series of logic is also very consistent with "deleveraging, steady growth and new normal". In 2015, the main investment direction was to discover value and manufacture value, and also conform to the theme of reform, rule of law, people's livelihood, anti-corruption, innovation and so on.

Therefore, the following kinds of investment products may fire:

The general inflation of stocks is predictable.

But which does not rise? I don't know.

Which stock to buy is also unknown.

Therefore, the fund with relatively wide coverage is more secure.

Some other creditor's funds also have a certain market.

For example, Jifeng Reed - steady profit selection fund, the annual yield of 8%-14.4%, 30 million of the total amount of 10 million of the security pad, can guarantee healthy returns.

The balance of treasure has been out, but the fixed income financial products issued by quality institutions with relatively high yield still have market.

For example, Jiaxing Reed financial platform Yisheng fortune Yisheng Bao, annualized yield of 10%-13.5%, the four year cashing rate of 100% is a better choice.

The globalization of asset allocation set off a new climax at the end of the year.

With the year-end visit of the diplomatic corps, the high speed rail project has also been contracted out, and business has been signed. Overseas investment in insurance has also attracted wide attention.

Perhaps there will be good opportunities for development in the future.