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This is a very much expected shot at Trump.
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do not forget the unemployment rate will jump to 14.3% on March 1st
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.
Artificial sugar high of funny money no longer needed. We will be manufacturing real products again.
The global cabal would rather SABOTAGE Trump's presidency than MAKE AMERICA GREAT AGAIN.
If the DemonRats can save themselves by SABOTAGING Trump's presidency, they would rather do THAT than MAKE AMERICA GREAT AGAIN.
They should all be treated as ENEMY COMBATANTS and thrown into GITMO.
Probably shed its stagnant growth sometime around the end of January.
The announcement by Obamas choice to head the Fed, Yellin in which she announces the probability of “three” more rate hikes in 2017 is a purely political move and is intended to hurt the markets (investment) and cut domestic spending on big ticket items such as cars and homes which always suffer when rates are increased.
What yelling should have said after the 1/4 increase was announced is that the Fed will keep a very close eye on the economy and make adjustments as necessary going forward.
One of the first things Trump needs to do upon taking over is to obtain the resignation of Yelling and appoint someone who understands how business works instead of having a butt licker like Yellin who believes her job is to make Obama look good and to hell with the American people.
Another Rat effort to kill any rebound in the economy. Yellen is the enemy obviously—she is an appointee of the muslim faggot.
“Approved the first interest rate hike...” What took so long? Should have been done in November 2008.