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Fed raises rates for the second time in a decade
cnbc ^ | 12/14 | cox

Posted on 12/14/2016 11:32:55 AM PST by RummyChick

Federal Reserve officials, amid signs that the U.S. economy soon could shed its long period of stagnation, approved the first interest rate hike in a year Wednesday and said it foresees three more increases next year.

The stock market reacted calmly, while the dollar and bond yields rose.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: bho44; bhoeconomy; fed; federalreserve; fedrate; fomc; trumptransition
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market down after flip flopping around
1 posted on 12/14/2016 11:32:55 AM PST by RummyChick
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To: RummyChick

the market didn’t react calmly despite what CNBC says..it was up and down like a yoyo..trying to make up it’s mind. Now down. Gold getting hit, too


2 posted on 12/14/2016 11:34:11 AM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: RummyChick
amid signs that the U.S. economy soon could shed its long period of stagnation

Gee, I wonder who will claim credit for that :) /s

3 posted on 12/14/2016 11:34:34 AM PST by NonValueAdded (#DeplorableMe #BitterClinger #HillNO! #MyPresident #MAGA)
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To: RummyChick

It tells you how weak the economy was under bammy that they couldn’t afford to raise rates. Now that Trump’s heading in all,of a sudden were gonna have to have rate increases and at least 300,000 new jobs every month just to keep up with population growth. Watch and see.


4 posted on 12/14/2016 11:35:08 AM PST by ealgeone
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To: RummyChick

The tell is her pedastal’n the last year and last 6 months as growth, the market knows that is bs, Trump will ,by policy, create a Wave on Wall Street


5 posted on 12/14/2016 11:37:40 AM PST by advertising guy (I cannot wait for the book KILLING O'REILLY)
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To: ealgeone
Correct. The Obama Administration business regulations pretty much killed much of the middle class and only benefited four sectors of the economy: government, Wall Street, technology and entertainment. And they're mostly located in the US Northeast, Washington, DC, and the US West Coast.

No wonder why "flyover country" overwhelmingly voted for Donald Trump, much to the shock of the people in the areas I mentioned.

6 posted on 12/14/2016 11:39:11 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: RummyChick

oil getting clobbered but it was already down some before the announcement. Now down about 2


7 posted on 12/14/2016 11:39:42 AM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: NonValueAdded
No coincidence that a Trump will be president in a few weeks. /sarc

Wonder if they were holding rates low to make Obama look good?

8 posted on 12/14/2016 11:42:15 AM PST by dhs12345
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To: RummyChick

Back to REAL economics, eh?


9 posted on 12/14/2016 11:42:55 AM PST by Buckeye McFrog
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To: dhs12345

When you have the printing presses running at full speed for 8 years, you don’t want interest running on all that debt you’re running up—until you lose the election and you want to screw the next guy coming in.


10 posted on 12/14/2016 11:44:38 AM PST by kaehurowing
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To: RummyChick

The FED is political and will need to be gutted.


11 posted on 12/14/2016 11:44:56 AM PST by WENDLE (Merry CHRISTx.)
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To: RummyChick

Yellen is an Obama partisan and her days are numbered.


12 posted on 12/14/2016 11:45:03 AM PST by rdcbn ("There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alt)
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To: dhs12345

Route it out, Route and Branch!


13 posted on 12/14/2016 11:45:03 AM PST by cowboyusa
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To: RummyChick

up, down..... some discounted the rise already and some did not

those that discounted the rise will prevail


14 posted on 12/14/2016 11:47:59 AM PST by bert (K.E.; N.P.; GOPc;WASP .... Macroagression melts snowflakes)
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To: ealgeone

Maybe they’re trying to tank the economy right as Trump takes over.


15 posted on 12/14/2016 11:49:04 AM PST by xzins (Lord Jesus Christ, Son of God, have mercy on me, a sinner.)
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To: RummyChick

Market started down almost 40 points, went to about even, then down then up now back around where it began the day. If Hillary was the PEOTUS, it would probably be around 15K by now (having never gotten the Trump bump and there being no sense of stability like Trump has provided).


16 posted on 12/14/2016 11:50:12 AM PST by trebb (Where in the the hell has my country gone?)
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To: RummyChick

They will do everything to try to mess with Trump.


17 posted on 12/14/2016 11:51:04 AM PST by ColdOne (( I miss my poochie... Tasha 2000~3/14/11~ Not tired of winning.)
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To: RummyChick

I’ve been a believer that they knew it would be suicide if they raised the rates so for YEARS I’v laughed at speculation that they would raise the rates.

Then I heard this morning that a decision was forthcoming. I thought about the Trump election and the stock market,and how it’s still nuts to raise rates. And I said, I’ll bet they raise the rates. They don’t want a Trump recovery.

Sure enough.


18 posted on 12/14/2016 11:52:06 AM PST by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: RummyChick

Eh—a bit of a tantrum, that’s all.

The rates need to go up, and even though they are trying to hurt Trump with it they won’t succeed.


19 posted on 12/14/2016 11:52:15 AM PST by 9YearLurker
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To: RummyChick

I suppose I’ll get criticized for this, but I think it’s a bunch of B.S. to raise rates based on planned growth. Obama planned growth too. Where is it?

To me this looks like a slap in the face of Trump, almost trying to fight his efforts to spark the economy before he is even sworn in.


20 posted on 12/14/2016 11:53:50 AM PST by DoughtyOne (jcon40, "Are we be coming into the age of Sanity?")
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