The FOMC minutes last night laid further paving on the pathway to a December rate increase from the Fed. Of those who held beck from voting for higher rates, several noted that it was a ‘close call’. Furthermore, there was debate on the negative impact of a continued low interest rate policy, which suggest that not only do the Fed want to raise rates, but also from the other side, just don’t want to keep them so low.
Fed bold lines
The market tries to prepare herself for that imminent rate rise that is coming in December.... or at least that is what the chorus of clowns (read members of the FED) are once again pontificating on.... Listen - it's time - this game of cat and mouse is about to come to an end... this week - we have heard nothing but why it is necessary for the FED to initiate a path to the normalization of rates in December and yesterday it was no different
If the Fed had not taken the course it did take, the US would still be mired in a recession worse than the 1930's. We don't like Fed-bashing when the Fed is one the few federal agencies that visibly does its job to the best of its ability, does it in full view of everyone (unlike, say, the FBI) and is the only independent agency, to boot.
Post-Fed Video Reactions
FED latest analysis
FED latest news
FED educational resources
Interest rates latest news
The World Interest Rates Table
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.