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The Fed's latest interest rate change vigil......June 15, 2016

Posted on 6/15/16 at 10:58 am
Posted by LSURussian
Member since Feb 2005
126957 posts
Posted on 6/15/16 at 10:58 am
I posted a couple of months ago that I thought the Fed would raise the fed fund rates today by .25% at its latest FOMC meeting.

Looks like I was wrong. It appears that a June rate increase is off the table, so to speak, and now July is the earliest that the Fed will raise rates.

I had previously said that June and not July would see the increase because the Fed's July meeting is the week after the Republican convention and would leave the Fed open to being accused of playing politics by stealing the news cycle with a rate increase so soon after the convention.

Oh, well......
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 6/15/16 at 11:12 am to
in
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 6/15/16 at 11:51 am to
No move in July either. I would guess September pending labor report data.
Posted by LSURussian
Member since Feb 2005
126957 posts
Posted on 6/15/16 at 12:03 pm to
quote:

I would guess September
That's getting pretty close to the election. The Fed usually tries to avoid rate changes just before elections so it's not accused of trying to influence voters.
This post was edited on 6/15/16 at 12:39 pm
Posted by TigerDeBaiter
Member since Dec 2010
10256 posts
Posted on 6/15/16 at 1:05 pm to


Shocker
Posted by LSURussian
Member since Feb 2005
126957 posts
Posted on 6/15/16 at 1:06 pm to
Yellen doesn't have any balls.....
Posted by TigerDeBaiter
Member since Dec 2010
10256 posts
Posted on 6/15/16 at 1:36 pm to
She's also a democrat and won't give any more ammunition for Trump to be "proven right".
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 6/15/16 at 1:44 pm to
so just buy everything?
Posted by TigerDeBaiter
Member since Dec 2010
10256 posts
Posted on 6/15/16 at 2:01 pm to
Sure, what can go wrong???

This is what I think of every time Yellen answers a question:



She's a true politician. Says so little with so many words.
Posted by Shepherd88
Member since Dec 2013
4579 posts
Posted on 6/15/16 at 2:03 pm to
Maybe she knows Trump is gonna try to boot her out, so she's sitting tight and figures she can do less damage by doing nothing?
Posted by Omada
Member since Jun 2015
695 posts
Posted on 6/15/16 at 2:05 pm to
If she did, she'd be John...
Posted by LSURussian
Member since Feb 2005
126957 posts
Posted on 6/15/16 at 2:44 pm to
She must be really smart. There's no way she slept her way to the top......
Posted by HYDRebs
Houston
Member since Sep 2014
1241 posts
Posted on 6/15/16 at 3:23 pm to
was wrong as well. They are looking way too much into last months job data and upcoming Brexit poll. I now legitimately don't think they will raise rates again this year. I'm shocked.
Posted by 19thHole
Working on my TPS reports
Member since Dec 2007
4908 posts
Posted on 6/15/16 at 4:31 pm to
The markets are getting nervous, there is so much uncertainty and SO much cash on the sidelines. Going to be interesting to see it all play out - especially in this election cycle.

I seriously DOUBT we are going anywhere near negative interest rates, in my opinion people need to quit concerning themselves with such things. The Fed knows they need to inflate interest and inflate the dollar, but damn if they just cannot seem to find "the right" time to keep pulling the interest rate trigger.

I have no predictions, other than pain at some point once the uncertainty turns to panic and people decide to exit. I guess that is sort of a prediction, but anyway....
Posted by 3en
Member since May 2015
507 posts
Posted on 6/15/16 at 7:26 pm to
quote:

I now legitimately don't think they will raise rates again this year. I'm shocked.


I'm not. If they raise rates before the end of the year, which they most probably won't, it'll only be .25%. If any thing, with the bad news some of the reports are coming in with, I'm thinking that rates will be getting cut back to 0 before they go back up.

Then again, I've been told I follow Peter Schiff too much.
Posted by TOPAL
Member since Mar 2010
4523 posts
Posted on 6/15/16 at 7:46 pm to
They will raise rates in December; they protected BO, they did there job. The piper will be paid under another administration.
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