The Briefing Room

General Category => Economy/Business => Topic started by: Gefn on December 19, 2018, 07:17:43 pm

Title: Fed raises US interest rates for the 4th time this year
Post by: Gefn 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 (https://www.cnbc.com/2018/12/19/fed-hikes-rates-by-a-quarter-point-.html)
Title: Re: Fed raises US interest rates for the 4th time this year
Post by: Gefn 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 (https://www.cnbc.com/2018/12/19/stock-markets-dow-futures-edge-higher-federal-reserve-rate-decision.html)
Title: Re: Fed raises US interest rates for the 4th time this year
Post by: ABX 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).
Title: Re: Fed raises US interest rates for the 4th time this year
Post by: Gefn 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/ (http://fortune.com/2018/12/18/alan-greenspan-investors-run-for-cover-recession/)
Title: Re: Fed raises US interest rates for the 4th time this year
Post by: ABX 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/ (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.
Title: Re: Fed raises US interest rates for the 4th time this year
Post by: Absalom 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!!!