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 ...
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
Gee, I wonder who will claim credit for that :) /s
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.
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
No wonder why "flyover country" overwhelmingly voted for Donald Trump, much to the shock of the people in the areas I mentioned.
oil getting clobbered but it was already down some before the announcement. Now down about 2
Wonder if they were holding rates low to make Obama look good?
Back to REAL economics, eh?
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.
The FED is political and will need to be gutted.
Yellen is an Obama partisan and her days are numbered.
Route it out, Route and Branch!
up, down..... some discounted the rise already and some did not
those that discounted the rise will prevail
Maybe they’re trying to tank the economy right as Trump takes over.
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).
They will do everything to try to mess with Trump.
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.
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.
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.
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