Posted on 09/17/2015 11:06:00 AM PDT by tcrlaf
In one of the most widely anticipated Federal Reserve decisions in decades, the U.S. central bank left interest rates unchanged Thursday. The Fed's pronouncement to leave rates at historic lows—where they’ve been since roughly the start of the Great Recession in 2008—signals that the U.S. economy has yet to fully recover from the near collapse.
Market professionals are now looking ahead to a press conference from Fed Chair Janet Yellen at 2:30 p.m. EDT, searching for further hints as to the timing of the Fed’s future course of rate hikes.
“Uncertainty from the Fed has been the biggest issue,” Stephen Guilfoyle, managing director of floor operations at Deep Value Inc. said from the floor of the New York Stock Exchange. “If they give us some length and depth of the tightening cycle and where they are headed, that would remove a lot of ambiguity.”
U.S. central bank policymakers met for a two-day meeting Wednesday and Thursday, discussing whether tightening monetary policy too soon could damage the economy and dampen the prospects for maximum employment and the targeted 2 percent inflation.
(Excerpt) Read more at ibtimes.com ...
It's like I'm living in a George Orwell movie.
Kick that can for 15 more months so a Republican gets the credit.
I bet they raise the rates after Hillary gets her ass handed to her in the 2016 elections. Need to screw the incoming Republican administration!
Pssst. Don’t tell anyone. Obozo won’t allow an increase while he is in Orifice.
They are NEVER going to raise the rate. The entire world economy has become addicted to our printing presses.
Welcome to the Artificial Economy.
They will never raise the rate.
Instead they will start QE4.
It's much worse than that!
must have taken a long time to say it.
Or the Twilight Zone
Now even Yellin is saying the obama economy sucks!
Exactly right. The Fed has done everything in its power to help Obama, and will continue to do so. There is no way they will do anything that would jeopardize Democrats in 2016.
However, in the unlikely event a Republican is elected president, rates will soar and the economy will tank. It will all be the new president’s fault and four years hence the Democrats will regain control and the Fed will return to back to its “accommodative” stance.
She’s admitting the economy is so weak it can’t even stand a trivial 25 basis point increase in rates.
The Feds can’t figure a way to get off of this tiger safely.
They KNOW the way off, but this is the most politicized FED, EVER.
Yellen is an IDEOLOGUE.
Nah, Yellin just likes playing with yer head.
I wish that was true, that would be refreshng honesty. Yellen blamed the GLOBAL economy, not the Obama economy as the cause of weakness.
“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term,” the Fed said in its policy statement following the end of a two-day meeting. It added the risks to the U.S. economy remained nearly balanced but that it was “monitoring developments abroad.”
The Fed has $2.5 trillion in T-bills.
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