Fed raises interest rates...
 

I had been waiting for many months to post in the stock market thread from last January, but I guess I have to start a new one since that got closed down.

Indeed, it was a one and done, last time.

I think the inflation pressures are mounting more than a year ago, and have cajoled the fed into action.


Edit: This is all in good fun, not meant to be mean spirited, as it sounded like I might have been thinking about this for months. Not true, I just wanted to revisit our predictions. While some here are financial professionals, I'm just an arm chair prognosticator :)

Geez - so what'd they raise it to? You think I look at other websites???? :)

Not exactly news. ;-)

What will be interesting is the showdown between Trump and the Fed in the future. He will want rates to be held low, while the Fed may want to raise them.

Stay tuned.

Wow, I had forgotten that I was right about that last year :)
So, this year I expect 3 more (1% for 2017) and then 2% in 2018 to slow down the economy (in 2018) from the excesses of the Stupendous Tax Plan that we will get this year.

If the interest rates go up you generate some recession, here a climb in the interest rate doesnt generate all the different effects that occur in the other countries, either way... what do the feds want to achieve?? what's the purpose?

Having higher interest rates will help promote the initiative for cutting budgets and lowering the Federal debt.

No one better type the dreaded 3 letters.....

Just sayin'.... :cool:

BK

WIN, Whip Inflation Now ?

A golden oldie from the Ford Administration.

Wrong 3 letters

I wonder how many members are even old enough to remember that ridiculousness

BK

Fed raises interest rates...
 

I am curious why you say that, given that historically, that hasn't been the case.

For the budget, for example, the deficit went from 9.8 percent of GDP down to 2.4 percent of GDP over the period when the Fed was keeping interest rates at zero.

The times when the deficit has risen, interest rates have been higher (if only because they have essentially always been higher than now).

During the 2010 to 2011 period when inflation was threatening to fall below zero, a friend and colleague made up gag buttons that said "WDN" (Whip Deflation Now). I thought they were hilarious, but--to your point--the audience was pretty narrow.

Ha! I WIN!!

Just refinanced about two weeks ago. Fixed-rate VA loan. Probably never see a better mortgage as long as I live. And.. I won't NEED to!

:banana: FRN :banana:

Jeff

Potd.