Federal Reserve to Raise Interest Rates :

[blackmonsters]

Thanks Obama




Federal Reserve Raises Interest Rates for First Time in Nearly a Decade - ABC News

The Federal Open Market Committee (FOMC) announced today that it was raising short-term rates by a quarter point -- the first increase in nine years.

The unanimous decision had been widely expected by investors after Federal Reserve officials, including Chairwoman Janet Yellen, had hinted that the central bank was ready to change direction after keeping interest rates between zero and one-quarter percent since December 2008 to encourage spending and bolster the economy.

The FOMC said in a statement that "there as been considerable improvement in labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to its 2 percent objective. The stance of monetary policy remains accommodative after this increase, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation." .............

[CAHEK]

[blackmonsters]

Like no shit; unchecked inflation and a trillion dollar fuck off in Iraq caused it to crash.

[Dead]

Sweet, so i can still get a home for no money down?

[blackmonsters]

Sweet, so i can still get a home for no money down?

Probably not since you're not the only one who can afford one anymore.

[Rochard]

Wasn't this entirely expected?

[blackmonsters]

Wasn't this entirely expected?

Who knows?
I needed some shit to post so.....

[Vendot]

Wasn't this entirely expected?

It's been expected for the last two years but it didn't happen. The question is how long it takes to get to 2% and whether they actually reach 2%.

There's a large portion of the wall street who thinks its not going to reach 2% for a very long time and the greater likelihood is that the US economy goes into recession next year and rates get cut again to zero or even to a negative interest rate like up to -1%

[onwebcam]

Why should the central banks make any more than that? They are a private bank so a handful of "shareholders" are earning interest on trillions of computed digits..

[nico-t]

the fed: Elbow deep in presidents since the 70s.

[JFK]

the fed: Elbow deep in presidents since the 70s.

[pornmasta]

yes, thanks

[Barry-xlovecam]

The US money markets immediately raised their interest rates the full .25%.

Thanks for the pay raise US Fed!

[Vendot]

Why should the central banks make any more than that? They are a private bank so a handful of "shareholders" are earning interest on trillions of computed digits..

Sure but most central banks are government owned.

The Federal Reserve is the only central bank that is privately owned, right? And does anyone know who the owners are?

[ArtificialTraffic]

lower rates ... everyone can loan "cheap money" ... keep loaning. Businesses will boom, people are spending more, buying houses way more expensive ...

Rise the rates, let all the economic iliterates to lose those houses in foreclosures, let all companies running on loan & high sales expentancy to go into financial troubles.

Buy them for fraction of pennies.
Same with houses.

Now business is suffering, but NOW, as we purchased many business, our businesses are suffering. So let's drop rates back to 0 and start this "good bad economy" shit once again.

[Dead]

Shit its an election year again???

[keysync]

shit its an election year again???

ding ding ding!!!

[TheSquealer]

Unemployed and broke, yet worried about interest rates.

Makes sense.

[blackmonsters]

Unemployed and broke, yet worried about interest rates.

Makes sense.

You must be talking about yo mama.

[TheSquealer]

You must be talking about yo mama.

Apparently I'm taking to a caricature of an 80's black sitcom character

[onwebcam]

Sure but most central banks are government owned.

The Federal Reserve is the only central bank that is privately owned, right? And does anyone know who the owners are?

The shareholders are pretty easy to spot just look at who always gets to appoint board members Goldman, BOA, etc.

They claim the shares can't be sold so what they did is created a entity that holds the shares which can be bought and sold.