Call it a box, or perhaps even a paradox, but the
Federal Reserve finds itself in an uncomfortable position heading into its
first rate-hiking cycle in nearly a decade. A central bank that has prided
itself on transparency during its ultra-easy cycle following the financial
crisis is now doing an awkward dance with a market not quite sure what to make
of the road to tightening financial conditions. The essential problem is this:
When the Fed could have raised rates it didn't want to. Now that it wants to
raise rates, it may not be able to, at least not without causing substantial
turmoil in the same financial markets it has sought so strenuously to soothe. The
Fed hasn't raised rates since June 2006. March 27 http://www.cnbc.com/id/102541410
The chart for
the US Federal Reserve is shown here. Notice that the March 20 solar eclipse
fell on the MC and the TNP Admetus. Admetus
along with Hades squares the Sun-Pluto opposition. Key phrases for the TNPs and
relevant combinations are available at [1][2].
Admetus-Hades: One hangs in there and attempts to endure as things go down the
hopper.
Admetus-Pluto: Situations that have been endured for a long time begin to surface –
problems that have been on simmer break into a full rolling boil. Having
delayed elimination of intolerable problems, one faces confrontation with self
or others and experiences a need for return to integrity – a need to know where
one stands (and then to decide if one is willing to stand there!)
Notice that
these phrases describe perfectly the situation that the Fed finds itself in.
Having delayed raising rates since 2006, the situation is now so bad that it
doesn’t know what to do.
The solar eclipse falling on the MC has now brought in a sense of urgency. Since eclipses insist on ending old ways of doing things, the Fed can no longer kick the can down the road.
[2] The
Orders of Light; Martha Wescott Lang
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