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Fed leaves interest rates unchanged, 4/27/2016 (Update in new post on page 1)

Posted on 4/27/16 at 1:18 pm
Posted by LSURussian
Member since Feb 2005
127235 posts
Posted on 4/27/16 at 1:18 pm
The Federal Reserve Open Market Committee as expected voted today to leave the fed funds rate unchanged at .25%-.50%.

Words referring to "increased headwinds in Europe and China" were left out of their statement opening the door for a possible rate hike in June.

And Janet Yellen saw her shadow which means six more weeks of the same interest rates....

LINK
This post was edited on 5/18/16 at 1:10 pm
Posted by ItNeverRains
37069
Member since Oct 2007
25887 posts
Posted on 4/27/16 at 1:21 pm to
quote:

And Janet Yellin saw her shadow which means six more weeks of the same interest rates....


I lol'd. And upvoted
Posted by TigerDeBaiter
Member since Dec 2010
10275 posts
Posted on 4/27/16 at 1:29 pm to




All political. Only objective is crush volatility at this point.
Posted by Teddy Ruxpin
Member since Oct 2006
39645 posts
Posted on 4/27/16 at 6:13 pm to
I need 3 of something!
Posted by 3en
Member since May 2015
507 posts
Posted on 4/27/16 at 9:40 pm to
Man, this next crash is going to make 08 look like a warm up session.
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16984 posts
Posted on 4/28/16 at 12:18 am to
Of course Fed didn't raise it. US interest payment on national debt would increase significantly as a result.
Posted by HYDRebs
Houston
Member since Sep 2014
1243 posts
Posted on 4/28/16 at 9:16 am to
I've thought all along there would only be 2 rate hikes this year. One in June, and another in December assuming nothing too drastic happened. Didn't really expect to hear anything different yesterday.
Posted by Shepherd88
Member since Dec 2013
4603 posts
Posted on 4/28/16 at 9:36 am to
Russian what are your thoughts here, trade deficit is obviously dragging on GDP bc the value of the dollar is so much stronger than other world currencies. Seems like the fed has their hands tied with our rates until the rest of the world gets their shite together.
Posted by LSURussian
Member since Feb 2005
127235 posts
Posted on 5/18/16 at 1:08 pm to
I didn't think the Fed minutes release today warranted a new thread....

quote:

The Federal Reserve will likely raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to minutes from the U.S. central bank's April policy meeting released on Wednesday.

That view, expressed by most Fed policymakers at the last policy meeting, suggests the central bank is much closer to lifting rates again than Wall Street expects.
Fed's last meeting's minutes released 9 minutes ago

Bank stocks will probably benefit the most. Another rate hike will steepen the yield curve which helps most banks with their net interest rate margin.
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