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

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Anecdotal only, but I can't see Yellen allowing a rate increase before the election.

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I'll take the other side of that trade simply because I believe June is the last month the FOMC can raise rates before the election.

If they wait until July-Oct to raise rates, they will be accused of trying to influence the election by one side or the other, or, more likely, by both sides.

So, it's either June or wait until after the election and if they wait that long, Yellen will lose all credibility, especially if the CPI jumps up again like it did in April.