Everything says hold off on interest rate hikes.
But will the fed heed the warnings?
Stock markets say no.
We’ll know tomorrow.
IMHO the Fed will not raise rates today (and they shouldn’t). Financial uncertainty in England, France, Italy and China has driven down US long term rates. Inflation is mild.
IF the anticipated increase comes they will probably announce a change in the future planned increases.
IMHO the best compromise would be to jettison the “range” system we’ve been using since rates were at 0-1/4%. Instead of saying we are in a range of 2-2.25% just say the rate IS 2.25% and be done with it.
Looks like the FED and stock market (deep state) are trying to kill the Christmas season and the economy to make DJT look bad so they can impeach him.
Since there is no sign of wage inflation the Feds should be lowering rates.
UNaccountable bureaucrats in an unaccountable bureaucracy. Controlled demolition team.
Who, and when, was the Fed last audited?