ML-Implode News - Fed's Fischer Seemingly Kinda-Maybe-Possibly Lays Groundwork For Further Rate Rise

In comments prepared for The Aspen Institute's "Program on the World Economy", Fischer said employment has "increased impressively" since a 2010 low after the national financial crisis, and the unemployment rate has hovered near 5% for the last year.
...
"So we are close to our targets," said Fischer, citing the Fed's dual mandate to seek maximum sustainable employment and an inflation rate of 2%.
... However, Fischer also used the speech to signal concern over what he characterized as "exceptionally slow" labor productivity growth.

Break out the goat entrails and incense; the game of Fedspeak-divination continues. Now, talking heads agree that the Fed's talking heads are talking up rates. Of course, the next inevitable crappy data point and the Fed will be avowedly back to "pausing" (even though the Fed funds rate doesn't even much anymore -- they can call us when they start reducing the Fed's balance sheet...) Ultimately, the Fed can't break too far from the global central bank herd which is locked in a trend of competitive-devaluation...

Relevant:

Fed's Fischer Seemingly Kinda-Maybe-Possibly Lays Groundwork For Further Rate Rise