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Author Topic: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017  (Read 1078 times)

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Offline mystery-ak

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Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« on: December 14, 2016, 07:10:17 pm »

Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
Jeanna Smialek
December 14, 2016, 1:00 PM CST

Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening.

The Federal Open Market Committee cited “realized and expected labor market conditions and inflation” in increasing its benchmark rate a quarter percentage point, according to a statement Wednesday following a two-day meeting in Washington. New projections show central bankers expect three quarter-point rate increases in 2017, up from the two seen in the previous forecasts in September, based on median estimates.

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https://www.bloomberg.com/news/articles/2016-12-14/fed-raises-rates-boosts-outlook-for-borrowing-costs-in-2017
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Offline Free Vulcan

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #1 on: December 14, 2016, 07:22:13 pm »
And interest costs to start sucking up more of the federal budget.
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Offline IsailedawayfromFR

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #2 on: December 14, 2016, 10:53:59 pm »
Quote from: Free Vulcan on December 14, 2016, 07:22:13 pm
And interest costs to start sucking up more of the federal budget.
and a quick way to destroy the new President's agenda.

Yellen is a political hack.  This should have started years ago but would not do so to Obama
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Offline jmyrlefuller

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #3 on: December 15, 2016, 01:49:56 am »
From a purely personal standpoint, it's about darned time. It'd be nice to actually put money aside and have it earn interest again.
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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #4 on: December 15, 2016, 02:12:24 am »
Quote from: jmyrlefuller on December 15, 2016, 01:49:56 am
From a purely personal standpoint, it's about darned time. It'd be nice to actually put money aside and have it earn interest again.

 888high58888
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Offline Hondo69

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #5 on: December 16, 2016, 02:52:13 pm »
Quote from: jmyrlefuller on December 15, 2016, 01:49:56 am
From a purely personal standpoint, it's about darned time. It'd be nice to actually put money aside and have it earn interest again.

No kidding.

I'm not a fan of the Fed but when rates are at or near zero there are many losers in the game.
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Offline skeeter

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #6 on: December 16, 2016, 02:54:42 pm »
Quote from: IsailedawayfromFR on December 14, 2016, 10:53:59 pm
and a quick way to destroy the new President's agenda.

Yellen is a political hack.  This should have started years ago but would not do so to Obama

I guess this means the new president should cut taxes and regulations even more to make up for the economic activity lost by the higher cost of money.
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Offline Bigun

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #7 on: December 16, 2016, 02:57:34 pm »
Quote from: skeeter on December 16, 2016, 02:54:42 pm
I guess this means the new president should cut taxes and regulations even more to make up for the economic activity lost by the higher cost of money.

Works EVERY time!
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Offline skeeter

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #8 on: December 16, 2016, 02:59:11 pm »
Quote from: Bigun on December 16, 2016, 02:57:34 pm
Works EVERY time!

And everyone wins except the bureaucrats.
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Offline Bigun

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #9 on: December 16, 2016, 05:29:08 pm »
Quote from: skeeter on December 16, 2016, 02:59:11 pm
And everyone wins except the bureaucrats.

Indeed!  What would work even better is to get rid of the Marxist income tax entirely and be done with it!

http://fairtax.org
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"I wish it need not have happened in my time," said Frodo.

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Offline IsailedawayfromFR

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Re: Fed Raises Rates, Boosts Outlook for Borrowing Costs in 2017
« Reply #10 on: December 16, 2016, 07:33:07 pm »
Quote from: skeeter on December 16, 2016, 02:59:11 pm
And everyone wins except the bureaucrats.

Well, there are a lot of parties invested in keeping those regulations complicated and onerous that are not bureaucrats.

Think HR Block, any accounting firm you choose to name, those enjoying exemptions from the taxes or regulations, etc.

I prefer to say that the American public wins.
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