CNBC and MSNBC contributor Ron Insana says he doesn’t expect the Federal Reserve to touch interest rates at all this year because the nation’s economy is “still very much a mixed bag.”
He told CNBC that you've had some good earnings from corporations and you consumer spending that has been stronger than expected.
“So there are pluses and minuses. It's still very much a mixed bag when you look at the economy. There are pockets of strength, the stock market reflects those. Pockets of weakness, you see that and then you see it in the bond market where long-term rates remain depressed because they (investors) think the Fed is really in a box,” said Insana, the author of four books on Wall Street,
Meanwhile, Newsmax Finance Insider Axel Merk wonders if global central banks haven't just set up a ticking financial time-bomb.
"Are we better off with "QE," the ultra-accommodative monetary policy pursued by major central banks around the world? Is it "mission accomplished" or are we facing a "ticking time bomb"? he wrote in a recent blog.
"I leave it up to the reader to decide whether the Fed and other central banks are part of the problem or the solution. However, I would like to caution that investors may not want to rely on the Fed or the government to take care of their financial well-being; they have their own problems cut out for them, as a government in debt may well have their own priorities that run counter to investor interests."
(Newsmax wire services contributed to this report).
© 2021 Newsmax Finance. All rights reserved.