Shocker: the Fed is on hold. Moreover, they only expect two interest rate hikes for 2016, instead of 3. It’s worth noting, two rate hikes is two hikes too many.
Markets are slightly higher following the inaction.
The Yen is climbing against the dollar again, much to the chagrin of the BOJ, higher by 0.4%.
The euro is higher by 0.6% v the dollar.
Gold is higher by 0.45%
Crude is down 0.3%.
TLT is up 0.7%
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Fucking Shocking. Indued. Who Knew?
2 rate hikes are already priced in the current price. We go down from here. The FED needs to break the news of a rate decrease back to zero along with more QE in order for us to go higher from here.
same as it ever was
this is worse than lucy holding the football for charlie brown to kick. How many fucking times is this SAME. EXACT. STORY. going to play out? The Fed bullshits us with various spew coming out of their mouths about hiking rates, and then the meeting makes it sound like it was never an option in the first place.
This same exact story will play out as many fucking times as this works to keep markets stable– that is, neither advancing very far nor plunging very much. It’s been working great so far.
The Fed says “If this works, don’t fix it.”
Just a bunch of inept manipulators.
We, as a Nation, can NOT afford to pay our debt if rates go up. So, they won’t, for a very long time. For time frame, think Japan.