Fed's Bostic: Supports expeditious rate hikes to neutral, but....

The Fed's Bostic is on the wires saying:

• He supports expeditious rate hikes to neutral, but done with intention and without recklessness
• doesn't see clear signs of wage price spiral
• uncertainties shroud outlook on virtually every front

The Fed remains behind the curve with regard to rates. This has the potential for the Fed to be out of synch going forward. If the economy slows because stocks and housing gets hit and the consumer retrenches, the Fed may still be focused on getting rates to neutral when they should be sitting still.

Stocks - in particular - Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term stocks are sharply lower.

Interest rates moving higher are slowing housing.

Employment remains strong, but will that be the next shoe to drop?