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blackmonsters

12-16-2015 05:42 PM

Federal Reserve to Raise Interest Rates :

Thanks Obama

:disgust

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

Quote:

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." .............

:1orglaugh

CAHEK

12-16-2015 05:52 PM

http://ei.marketwatch.com//Multimedi...5-0015c588e0f6

blackmonsters

12-16-2015 05:55 PM

Quote:

Originally Posted by CAHEK (Post 20671280)

http://ei.marketwatch.com//Multimedi...5-0015c588e0f6

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

:helpme

Dead	12-16-2015 06:00 PM

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

blackmonsters

12-16-2015 06:02 PM

Quote:

Originally Posted by Dead (Post 20671286)

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

12-16-2015 06:36 PM

Wasn't this entirely expected?

blackmonsters

12-16-2015 06:49 PM

Quote:

Originally Posted by Rochard (Post 20671324)

Wasn't this entirely expected?

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

:1orglaugh

Vendot

12-16-2015 07:14 PM

Quote:

Originally Posted by Rochard (Post 20671324)

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

12-16-2015 08:33 PM

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

12-17-2015 03:13 AM

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

JFK	12-17-2015 03:24 AM

Quote:

Originally Posted by nico-t (Post 20671538)

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

:1orglaugh:thumbsup

pornmasta

12-17-2015 04:05 AM

yes, thanks

Barry-xlovecam

12-17-2015 04:56 AM

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

Thanks for the pay raise US Fed!

Vendot

12-17-2015 07:59 AM

Quote:

Originally Posted by onwebcam (Post 20671401)

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

12-17-2015 10:24 AM

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	12-17-2015 05:48 PM

Shit its an election year again???

keysync

12-17-2015 05:54 PM

Quote:

Originally Posted by dead (Post 20672426)

shit its an election year again???

ding ding ding!!!

TheSquealer

12-17-2015 06:01 PM

Unemployed and broke, yet worried about interest rates.

Makes sense.

blackmonsters

12-17-2015 06:03 PM

Quote:

Originally Posted by TheSquealer (Post 20672435)

Unemployed and broke, yet worried about interest rates.

Makes sense.

You must be talking about yo mama.

:1orglaugh

TheSquealer

12-17-2015 06:11 PM

Quote:

Originally Posted by blackmonsters (Post 20672437)

You must be talking about yo mama.

:1orglaugh

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

onwebcam

12-20-2015 09:44 AM

Quote:

Originally Posted by Vendot (Post 20671722)

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.

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