This one was a near certainty. There was very little doubt left for a December raise.
It’s actually a good thing. Rates have been held low too long. There are negative consequences from that too.
It’s actually a good thing. Rates have been held low too long. There are negative consequences from that too.
We should have had a lot more price inflation, but the only thing that actually inflated was the stock market. And now, with a very weak economy, interest rates are increased. At a time, I might add, where there is a lot of credit already out there. I saw low rates coupled with QE as kicking the can (total economic collapse) down the road. I see any significant rate increase as flirting with finding the end of the road.
Oh, and I refinanced my home and property two months ago in anticipation of this. So yeah, I kinda saw it coming myself. It’s because it was a foregone conclusion that Trump would win and 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.