The Fed stayed so loose in the Obama years, which is how he managed to squeak in a little growth. Now it seems they are tightening fairly quickly because we are finally growing under Trump’s policies.
I know he wanted to pay down debt while the rates were low. I wish the FED would give a little more room. On the political side, the Trump administration tried to cut spending, but of course was stopped, so now we’re further in debt. Then they raise the rates.
The President has to March against headwinds all the way.
On the bright side.....T bills will benefit.
Time to buy the dip?
They could and should have held off until Nov. 7th to avoid any possible effect on the election.
Or even any suspicion of influencing the election.
That said, it has been a travesty to drop rates so low and hold them low for most of the last 20 years.
It basically amounts to theft of value from those with savings.
In times past the federal government encouraged and promoted saving.
Saving money and living within your means was considered wise and prudent.
Now government policies discourage saving and encorage people to go into debt.