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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 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......
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 on 6/15/16 at 11:51 am to LSURussian
No move in July either. I would guess September pending labor report data.
Posted on 6/15/16 at 12:03 pm to LSUregit
quote: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.
I would guess September
This post was edited on 6/15/16 at 12:39 pm
Posted on 6/15/16 at 1:06 pm to TigerDeBaiter
Yellen doesn't have any balls.....
Posted on 6/15/16 at 1:36 pm to LSURussian
She's also a democrat and won't give any more ammunition for Trump to be "proven right".
Posted on 6/15/16 at 1:44 pm to TigerDeBaiter
so just buy everything?
Posted on 6/15/16 at 2:01 pm to dabigfella
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.
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 on 6/15/16 at 2:03 pm to LSURussian
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 on 6/15/16 at 2:05 pm to LSURussian
If she did, she'd be John...
Posted on 6/15/16 at 2:44 pm to Omada
She must be really smart. There's no way she slept her way to the top......
Posted on 6/15/16 at 3:23 pm to LSURussian
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 on 6/15/16 at 4:31 pm to LSURussian
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....
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 on 6/15/16 at 7:26 pm to HYDRebs
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 on 6/15/16 at 7:46 pm to 3en
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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