Gold and bond prices dropped and stocks popped as yet another open-mouth operation went underway this evening from none other than Boston Fed president Eric Rosengren. Ahead of next week’s FOMC meeting, and just days after another Fed president said no April hike, Rosengren spewed firth that “I don’t think financial markets have it right.” Of course, what this preacher means is that while stock markets are perfectly efficient (and correct), bonds and rate futures areclearly inefficient and “investor outlooks for Fed rate hikes are too pessimistic,” because “the US economy is fundamentally sound.”

*ROSENGREN: GRADUAL FED RATE INCREASES `ABSOLUTELY APPROPRIATE’
*FED’S ROSENGREN SAYS U.S. ECONOMY `FUNDAMENTALLY SOUND’
*ROSENGREN: INVESTOR OUTLOOK FOR FED RATE HIKES TOO PESSIMISTIC

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – Boston Fed Says “Markets Are Wrong,” Rates Are Going Higher, Sooner

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