Online Public Relations Thoughts

It is a good leader who sets expectations for what an organization will do.  That is what Federal Reserve chairman Jerome Powell achieved in his Congressional hearing.  He let it be known that nearly all of the Fed members expect to raise rates again this year.  There should be no surprises then when the Fed does act.  The only speculation will be whether it is a quarter or half point.  The markets can now take the boost in stride and everyone down to householders shopping for mortgages know that rates will rise later in the year.  The increase should happen peacefully without Sturm und Drang, and the markets adjust automatically.  Even though many will not like the boost, they won't be surprised.