Hedge Funds Up Euro Shorts Ahead Of Possible Fed Hike

As St. Louis Fed President James Bullard, along with a chorus of Fed speakers, said it was time to raise interest rates that have been held at emergency levels as a result of the 2008 financial crisis, comes a Societe Generale Cross Asset Research report that notes Fed credibility is at stake in December. As a delicate operation to remove stimulus from stock market could put a damper on a November that is traditionally positive for equity investors, the aftermath of historic quantitative easing is considered by the father of QE magic, former Fed Chair Ben Bernanke, who says it is “ridiculous” to…