Barclays, Noting Confusion, Looking For 2016 Rate Hike

As the stock market drops precipitously today – the S&P 500 was down over 40 points  in early afternoon trading – a report by Barclays says a “convoluted communications process” has led to “uncertainty about the Fed’s reaction function,” as the report re-iterates a March 2016 Fed lift off date with rate hikes even later in 2016 a possibility. Barclays: Two minds are not better than one when it comes to a rate hike Although Yellen anticipates economic conditions will justify a rate hike before year-end, Barclays analyst Michael Gapen finds it “difficult to reconcile Chair Yellen’s view on the…