Three Fed heads disagreed with holding off on raising rates, as the dot plot fades to to background. The language changed in the Fed press release, suggestive of a serious intent to hike in December.
Markets like this status quo. Gold and silver are higher by 1.5% and 3.2%, respectively.
Oil is higher by 3%.
The dollar is down 0.3% v the euro and 1% v the yen.
Markets are about to break 100 to the upside.
UPDATE: Markets are fading fast with the dollar gaining ground. As usual, markets are very volatile post Fed meeting.
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Yellen has totally f—** up the usual cycles of the market, all markets, housing, equities, bonds, currencies, commodities, labor.
Yet of course they have indexes programmed to shoot up. This post announcement swell is ridiculously robotic
I think a perfect storm is brewing (Hello 1930s).
GDP estimate was lowered to a paltry 1.8, they say inflation under 2%, low wage growth, and if Trump is elected global trade deals may be taken out (Hillary says so, too but she lies on this).
There was a Fed induced liquidity trap in the 1930s.
Sounds like about 1933 or so to me.
Indeed, if the wheels came off what ammo does the Fed have? Jawboning?
Next president would be wise to toss Yellen (goner if DT wins), she has lost market confidence, that would be a tough choice if it’s Hillary but she needs to do it.
Trump said this would happen and the Fed was politicized, so does the establishment give a sh_t? Are they are counting on the ignorance of the average football watching, silicone boob fondling, brain dead moron who doesn’t know the Fed from Fedex? Do they think the average Joe doesn’t understand anything except market up = Obama/Hillary good Did the establishment just gave a big F you to Trump’s open challenge to take politicization out of the Fed?
(insert ‘?’ after “Hillary good” and insert foot up yer arse). Arrrrrrrr.
Meh. It was so predictable.
wow. Wasn’t even hawkish
The 400 friday dow drop clearly now was to give room to “blast” back up
its already baked in. sell the news.