« previous next »
Pages: [1]   Go Down

Author Topic: Fed raises US interest rates for the 4th time this year  (Read 1016 times)

0 Members and 1 Guest are viewing this topic.

Online Gefn

  • "And though she be but little she is fierce"-Shakespeare
  • Cat Mod
  • *****
  • Posts: 18,380
  • Gender: Female
  • Quos Deus Vult Perdere Prius Dementat
Fed raises US interest rates for the 4th time this year
« on: December 19, 2018, 07:17:43 pm »
Despite signs of economic softening and weeks of market volatility.



https://www.cnbc.com/2018/12/19/fed-hikes-rates-by-a-quarter-point-.html
« Last Edit: December 19, 2018, 07:18:22 pm by Freya »
Logged
G-d bless America. G-d bless us all                                 

Adopt a puppy or kitty from your local shelter
Or an older dog or cat. They're true love❤️

Online Gefn

  • "And though she be but little she is fierce"-Shakespeare
  • Cat Mod
  • *****
  • Posts: 18,380
  • Gender: Female
  • Quos Deus Vult Perdere Prius Dementat
Re: Fed raises US interest rates for the 4th time this year
« Reply #1 on: December 19, 2018, 07:21:55 pm »
Stock market was up 350 points prior to Fed announcement. Now....plummeting

https://www.cnbc.com/2018/12/19/stock-markets-dow-futures-edge-higher-federal-reserve-rate-decision.html
Logged
G-d bless America. G-d bless us all                                 

Adopt a puppy or kitty from your local shelter
Or an older dog or cat. They're true love❤️

Offline ABX

  • Hero Member
  • *****
  • Posts: 900
  • Words full of sound and fury, signifying nothing.
Re: Fed raises US interest rates for the 4th time this year
« Reply #2 on: December 19, 2018, 07:25:10 pm »
They've been held unnecessarily low for too long. They haven't kept up with inflation and created an artificial market bubble. Keeping them below inflation is nothing more than currency manipulation (exactly what we complain other countries do).
Logged

Online Gefn

  • "And though she be but little she is fierce"-Shakespeare
  • Cat Mod
  • *****
  • Posts: 18,380
  • Gender: Female
  • Quos Deus Vult Perdere Prius Dementat
Re: Fed raises US interest rates for the 4th time this year
« Reply #3 on: December 19, 2018, 07:39:47 pm »
Alan Greenspan isn’t optimistic on the economy.

This actually scares me.

http://fortune.com/2018/12/18/alan-greenspan-investors-run-for-cover-recession/
Logged
G-d bless America. G-d bless us all                                 

Adopt a puppy or kitty from your local shelter
Or an older dog or cat. They're true love❤️

Offline ABX

  • Hero Member
  • *****
  • Posts: 900
  • Words full of sound and fury, signifying nothing.
Re: Fed raises US interest rates for the 4th time this year
« Reply #4 on: December 19, 2018, 07:44:48 pm »
Quote from: Freya on December 19, 2018, 07:39:47 pm
Alan Greenspan isn’t optimistic on the economy.

This actually scares me.

http://fortune.com/2018/12/18/alan-greenspan-investors-run-for-cover-recession/

I wouldn't be either. There has been an artificial bubble for the longest time due to fed inaction. Hell, even Trump tweeted that the Fed was keeping rates too low when Obama was in office.  Now he wants to keep it artificially low simply for the optics.
Logged

Offline Absalom

  • Hero Member
  • *****
  • Posts: 4,375
Re: Fed raises US interest rates for the 4th time this year
« Reply #5 on: December 19, 2018, 07:54:58 pm »
Consider:
Trump is correct about the Federal Reserve's interest rate moves.
So what, as all he delivered were words.
What did the Fed do today?
It raised rates again, w/its index finger raised.
What did Trump do?
Sulk in the Oval Office!
Roman Senator Accius told Carthage,"Let them hate, as long as they fear!"
No one fears Trump, a compulsive windbag, which is why the Establishment does as it pleases!!!
Logged
Pages: [1]   Go Up
« previous next »