Posted on 11/05/2015 6:52:02 AM PST by Olog-hai
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery. [...]
Her remarks pushed bond yields higher and stocks lower. They also caused investors to reset their expectations of a December rate hike above 60 percent, a sign that markets are finally taking the Fed's language seriously after a period in which U.S. central bankers were frustrated by the gap between their own outlook and market bets about their likely course of action. ...
(Excerpt) Read more at reuters.com ...
The only path Yellen will follow is the one Obama wants her to take. The Fed is one big scam.
Prediction: won’t happen until Obama’s out, or to induce panic post-Conventions when Hillary is lagging in the polls
I doubt there will be a rate hike, but not directly because of Obama.
Yellen watches unemployment, which is the first of the three goals in the legislation that created the FED. She has to know that the official unemployment numbers are false. And as long as unemployment is high, she will not raise rates.
Unemployment is unlikely to drop as long as Obama is president and we have a house and senate without a spine. We will continue off-shoring jobs faster than our economy can create them.
Trump will fix this by addressing the trade policies. As people go back to work, the Fed will begin to focus on keeping inflation down.
Besides, didn’t Yellen say earlier this week that rates could go negative. I think they are creating a story where there is none. It probably doesn’t sell many papers to say “no change”.
It’s that time in the campaign known as Solicit Big Donors Time. Gotta have Yellen yanking their strings if you want them donating to Democrats.
Dance, puppets, dance!
Or maybe not.
The Fed puppet uses a confused dance of words in such a way that nothing is ever said.
Believe it when you see it. Not likely to happen with jobless claims rising and GDP down.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.