Posted on 03/15/2017 11:07:48 AM PDT by ColdOne
U.S. stocks traded higher Wednesday, helped by a bounce in oil prices, after the Fed raised interest rates, as expected.
Shorter-end Treasury yields came off session highs. The 2-year yield (U.S.:US2Y) fell to 1.33 percent after earlier hitting a high of 1.401 percent, its highest since June 11, 2009. The 10-year yield (U.S.:US10Y) traded around 2.58 percent as of 2:01 p.m.
(Excerpt) Read more at yahoo.com ...
I know yellen did this to #### Trump, but we actually needed the ridiculously artificially low interest rate to go up.
She helping the country in the long run.
Yep - it is noteworthy that stocks have not tanked - says a lot about what they think Trump’s policies will reap as time moves along.
After reading the article I could not see how much it was raised. 1/4 point?
End the fed! It’s not even federal.
I had to click on a dozen search links to find one that actually gave the rate.
It went from 0.75% to 1.0%.
It seems the FED want 2 more increases of similar amounts in 2017.
Thanks.
Anything to soften the better outlook Trump vs Obama.
In a way, this is absolute confirmation that the Fed knows that business is going to thrive under Trump.
Obama was such a disaster for our nation.
We lost eight years, and moved backwards 50 when it comes to race relations.
P/E ratio isnt that crazy either. 26 compared to SEVENTY in 2009.
How the hell did any of us think SEVENTY was could last!
Link that actually gives the amount of the rate increase [0.75% to 1%]:
http://www.wsj.com/livecoverage/fed-decision-yellen-march-2017
Thank you!
Is the economy so heated up that the Fed needs to raise rates to slow it down?
Tonight we’re gonna party like it’s 1929.
Amazing how the Fed can manage to raise rates once Obama gets out of office.
“I had to click on a dozen search links to find one that actually gave the rate.
It went from 0.75% to 1.0%.
It seems the FED want 2 more increases of similar amounts in 2017.”
That is just plain crazy that one has to search that much to find out what the rate increase was. Journalism has gone to hell in a hand basket.
“Journalists” are notoriously weak when it comes to comprehending anything to do with numbers. Otherwise, they’d never have taken that major. They would have studied accounting or engineering.
I have a theory that biz “journalists” are selected on the basis of newspapers asking which of their new hires can actually reconcile a checkbook. They put them to writing on the business page.
The stock market is living in a fantasy world. Raises in financing mortgages will kill this recovery, as so many are living on the thin edge of the knife.
It’s the usual smoke and mirrors from the fed. The economy is growing at UNDER population growth rates, and this is meant to project that “No, no no, the economy is booming, really!”
Wonder what the interest rate would be if we did not have a fed
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