US Bond Market Week in Review: Why The Fed Is About to Make A Mistake In Raising Rates

            The consensus is the Fed will raise rates at their next meeting.  The latest employment report all but baked this into the cake.  However, I’m not so sure this is a good idea.  First, there are three economic indicators – industrial production, corporate profits and bond yields – that signal we’re closer to the end of an expansion then the beginning.  A rate hike in this environment may do more harm than good by adding additional counter-stimulus to the economy.  Second, I believe the Fed mis-understands the current inflation dynam

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