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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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To: Night Hides Not

Oil is my achilles heel. I went long for the rest of the week or maybe just tomorrow.

Lord help me..I will probably lose !


61 posted on 12/14/2016 1:03:49 PM 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

The Fed kept the rates from increasing to get Hillary elected.


62 posted on 12/14/2016 1:07:46 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: DoughtyOne

I think that’s why they lowered the unemployment numbers to 4.6. That’s really low and only really one way to go is up. They did that to screw with trump.


63 posted on 12/14/2016 1:17:19 PM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: dhs12345

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

****************

Of course they were. Pretty obvious.

Now, all of a sudden, they’re talking about three rate hikes in 2917 despite nearly 100 million people dropping out of the workforce.

The Fed is highly political. It’s an enabling mechanism of the DC Cabal. I hope Trump finds a way to dump her.


64 posted on 12/14/2016 1:18:50 PM PST by Starboard
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To: xzins

A soaring economy would make Obama look very bad and might well destroy Democrat political prospects for many years to come, if not decades. So Yellen will do everything she can to prevent a resurgence of the economy. She cannot allow Trump to succeed.


65 posted on 12/14/2016 1:21:21 PM PST by Starboard
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To: RummyChick
Politicized Federal Reserve and villain Yellen trying to crash the stock marke and Hurt Trump and his economy

They were holding rates the lowest ever near zero to prop up Obama house of cards economy (no manufacturing). I knew if Trump won they would raise rates This is what the Fed did to W Bush to get barrack in 2006 and the “great” depression to get socialist FDR in.

The Fed is the greatest threat to our free society.
Trump has to get rid of Yellen

66 posted on 12/14/2016 1:23:17 PM PST by Democrat_media (bot funded Jill Stein's recount website.12 million $ from Soros behind big scheme)
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To: ari-freedom

The fed is the biggest threat to Trump

*************

After the GOPe. Trump is going to have epic battles with them over the next four years.


67 posted on 12/14/2016 1:25:28 PM PST by Starboard
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To: Mr. Douglas

In deflation, precious metals will likely decline in monetary value just as everything else does. Good time to buy if you believe the pendulum will swing wildly back, though. Buy low, sell high.


68 posted on 12/14/2016 1:26:55 PM PST by RegulatorCountry
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To: mlo

This raise has been expected since the summer time when they didn’t raise rates then.

************

They didn’t want to hurt Hillary’s chances so there was no way there was going to be a hike until after the election.


69 posted on 12/14/2016 1:26:59 PM PST by Starboard
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To: napscoordinator

First thing I would do related to jobs, is document exactly how many working age able bodied people we have sitting idle.

They should always be counted in the labor report.

There has got to be a way to do it.

Then we start addressing real facts and figures from here on out.


70 posted on 12/14/2016 1:27:36 PM PST by DoughtyOne (jcon40, "Are we be coming into the age of Sanity?")
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To: Mr. Douglas

I figured the political organization would try to spite him. That may not be the reason they did this, but I think it is a major part of it.

*************

Totally agree. This hike could, and should have, come a long time ago. It’s clearly a “first strike” political decision designed to stifle Trump’s agenda to get the economy moving again. Yellen’s glowing comments about employment were absurd and betrayed her true motives.


71 posted on 12/14/2016 1:30:34 PM PST by Starboard
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To: 353FMG
A number of congress critters must have made lots of money because of their ability for insider trading.

I'd be all in favor of an executive order rescinding this odious exemption. I'd be all in favor of an EO that required all Federal elected officials and federal employees be fully subject to every law and regulation to which the private sector is subject, myself. Enough of this privileged class federal nonsense.

72 posted on 12/14/2016 1:33:43 PM PST by RegulatorCountry
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To: Democrat_media

The Fed is the greatest threat to our free society.
Trump has to get rid of Yellen

*************

Agree on both accounts.


73 posted on 12/14/2016 1:34:14 PM PST by Starboard
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To: RummyChick

.
This is a very much expected shot at Trump.
.


74 posted on 12/14/2016 1:36:47 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: WENDLE

.
>> “The FED is political and will need to be gutted.” <<

The last guy to try that took a coffin dive in November of 1963.
.


75 posted on 12/14/2016 1:39:04 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: nobody in particular

do not forget the unemployment rate will jump to 14.3% on March 1st


76 posted on 12/14/2016 1:39:20 PM PST by SGCOS
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To: Starboard

It seems the markets really tanked after she announced more planned hikes for next year. What did she say, three more next year?

This hike was a long time coming and people were expecting it, but I wonder if they were expecting the announcement of several more to come next year?


77 posted on 12/14/2016 2:13:42 PM PST by Breyean
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To: RummyChick

According to the FED, it takes 6 months for a rate increase to work its way into the economy. Immediate market reaction is meaningless, the market knew this was coming.

What this means is the FED is looking for higher growth under Trump than Fidel Obama.

The FED’s forecasts for the next two years are meaningless. Just take a look at their forecasts of the last two years.

They will see what happens and react, which is what they do. The illusion that they lead is just that, an illusion.

Also, a .25% raise is very small. When I was selling real estate about 20 years ago I went to bed one night with a couple of deals dependent on loans. People were “floating” hoping for a better rate. The next day the FED raised rates 1 full percentage point, and mortgage rates went from about 7 to about 8% overnight. That’s what happens in a hot economy. The FED was WAY behind the curve that time.


78 posted on 12/14/2016 2:21:40 PM PST by SaxxonWoods (Ride To The Sound Of The Guns)
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To: RummyChick
Where is that laughing emoji. Yeah, that economy is just humming along. I guess I'm just too stupid to see it.
79 posted on 12/14/2016 2:25:55 PM PST by Sam Gamgee
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To: RummyChick

I sold MRO and XOM two days ago, kept other higher dividend oils.

What’s happening in markets now is meaningless, different investors with different goals and holdings are reallocating. No one is surprised today and a quarter point raise is timid, more show-prep than go-go.


80 posted on 12/14/2016 2:27:42 PM PST by SaxxonWoods (Ride To The Sound Of The Guns)
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