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.
oil getting clobbered but it was already down some before the announcement. Now down about 2
Back to REAL economics, eh?
Yellen is an Obama partisan and her days are numbered.
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.
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.
A number of congress critters must have made lots of money because of their ability for insider trading.
Please try to argue that the Federal Reserve is not a political enterprise.
8 years of Obama, $10 Trillion in debt, and one interest rate increase 30 days before he leaves office.
futures really tanking now. sigh..I am already of my short...oh well.
I’m okay with the hike. Been a long time coming.
Trump wanted this. No more free money. Glad it’s finally starting.
This has the potential to get really ugly pretty quick.
The inevitable reckoning of the debt and zero interest rates was just a question of timing. If Hillary won, rates would stay near zero her entire term. BUT, since Trump won, may as well dump it on his lap. It will be painful for a while. But if he truly passes pro growth pro private enterprise reforms and policies we’ll be sitting pretty in a couple years.
I fully expect the MSM to take interest in the “plight of the homeless” soon.
The Fed kept the rates from increasing to get Hillary elected.
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