Menu
Sister Sites

  • A normally routine Fed release just got a lot more important

    From cnbc.com

    Investors will get a peek behind the curtain Wednesday at a Federal Reserve suddenly divided and closer to an interest rate hike than it has been all year. September's Federal Open Market Committee meeting featured something not often seen since Janet Yellen took over as chair: honest-to-goodness dissent. Three of the FOMC's 10 voting members opposed the final statement, which noted that central bank officials still felt it prudent to keep its interest rate target anchored at 0.25 percent to 0.5 percent. The three dissenters — Esther George, Loretta Mester and Eric Rosengren — wanted to hike rates a quarter ... (full story)

Based on my readings, I strongly believe at the max one rate hike in Dec. What does that mean to market?
Quoting PipMaxzz
Based on my readings, I strongly believe at the max one rate hike in Dec. What does that mean to market?
If a rate hike happens in December and the minutes are hawkish, then the dollar is slatted to gain upward momentum.
They cannot, in any reasonable way raise interest rates. They raised them a Fourth of one percent and Mr. Market almost crashed. The only reason this circus has been kept going is from massive QE, which just exacerbates the problem. It's like putting someone who shot heroin up for 10 years on Tylenol 3. It's not going to do the trick, and the market like the addict will have to go through rehab and detox as he's only been kept alive by inoculations of more debt. This is why even banks Like Wells-Fargo (In a search for yield in a world that loves NEGATIVE interest rates), have just started robbing their customers instead of selling them some bullshit mortgage or other fraud. They've monetized all the debt they can. the ECB is now buying their OWN BONDS, and he BOJ has once again upped the level of financial fraud by actually binding their yield with interest rates (IE, we can do whatever we want, and we will get the numbers we desire). Things are spinning out of control.

http://fortune.com/2016/09/30/boj-bank-of-japan-bonds/
  •  Guest
  • | IP XXX.XXX.4.4
Quoting PipMaxzz
Based on my readings, I strongly believe at the max one rate hike in Dec. What does that mean to market?

I strongly agree with you and the reason is even more simple •credibility• imagine if they did not raise interests at all , what would happen to the $ it would go so down you would not believe your eyes
  •  Guest
  • | IP XX.XXX.157.152
Join FF
  • Story Stats