Fed to raise rates as Trump economy looms

Washington – There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.

With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the economy growing at better than three percent in the most recent quarter and some signs of a pickup in inflation, the writing is on the wall.

Some members of the Federal Open Market Committee, which sets the key federal funds rate, the basis for mortgage and lending rates, have even cautioned that failing to raise rates in December could harm the central bank’s credibility, given expectations set by policymakers in recent months.

“All the necessary and sufficient conditions are there,” Mark Zandi, chief economist at Moody’s Analytics, told AFP.

With a rate hike assumed, the question remains whether Wednesday’s move will be the first in a series.

3 Comments - what are your thoughts?

  • Wolfman says:

    Don’t be surprised if they increase the rate by .50 pts. instead of the anticipated .25 pts,,,,just to really subterfuge the economy and simultaneously halt any economic recovery/ exports,,,,giving Trump a double whammy start to his plans for revising trade agreements by making the dollar too strong and handicapping our ability to balance our trade. The higher rates will put a stop to companies borrowing money to buy their own stocks and artificially over value their worth…which is the primary reason for the fake equity market bubble……. So let’s see we had a fake President in charge of fake policies that created a fake economy which was all bouyed by fake ‘reporters’ providing fake news to a bunch of sycophants that have fake sexes and attend fake universities to lay claim to their fake diversity and fake tolerance so that they can blame all of the country’s fake problems on fake white privilege.
    Is that a pretty close description of where we’ve been the past eight years and what we are expecting them to do in the next few months???

  • gvette says:

    A little reminder here. QE-3. That’s the fed, pumping 30 billion a month into the stock market, and buying our own debt. As for the low unemployment rate, that’s a farce also. We know have the lowest worker participation rate, since 1976. It’s not if our economy is going to crash, it’s when.

  • Karll says:

    And there’s no political reasoning behind this….right?
    We’ll see where the stock market goes on this news,
    just in time for Jan 20th.

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