Discussion: Federal Reserve Raises Key Interest Rate For First Time In A Year

TPM Article Topics
1
Federal Reserve Raises Key Interest Rate For First Time In A Year Federal Reserve Raises Key Interest Rate For First Time In A Year Back to article
2

This will likely result a minor market panic and a 3 point sell off immediately followed by a 500 point rise.

UPDATE: Just checked at the market is down 175 points on the news.

Now’s the time to buy before the irrational buyback that always follows the irrational sell off.

3

Not quite sure this really is the “I can see the whites of inflation’s eyes” moment Krugman advocates as a prerequisite for a rate rise, but whatever. Part of me wonders if the Fed is trying to gain a tiny bit of breathing room to lower rates later when Trump starts crashing the economy. Economists and business lobbyists like to talk about “uncertainty” - what in the hell has been more uncertain in our country than this incoming administration?