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Interest rate direction is definitely back on the table for September

Big Al
September 7, 2016

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Will the Beige Book scenario coming out today give us a direction as to the future of interest rates.  Chris, Cory and Big Al discuss why the Fed Open Market Committee would raise interest rates.

Discussion
7 Comments
    Sep 07, 2016 07:54 AM

    I think they have to do a very small raise in December and then they will spend the rest of next year talking about a raise which may happen near the end of next year. They need to save face as they would have no credibility left and would get laughed at.

      Sep 07, 2016 07:29 AM

      I would bet that it will happen before December. Let’s see!

      Tad
      Sep 07, 2016 07:00 PM

      Same as last year. I think I agree with that.

    CFS
    Sep 07, 2016 07:19 PM

    Who do you believe?

    Reducing rates has hurt bank and insurance industry.

    Will raising rates kill housing?
    http://www.kitco.com/news/video/show/Kitco-News/1350/2016-09-07/The-Fed-Is-Bluffing-Gold-Bugs-To-Prevail—Jim-Grant

    Sep 07, 2016 07:30 PM

    Sorry for posting this…just thought you people might like a laugh…………….
    http://thesaker.is/the-three-friends-and-the-pouting-deadbeat/

      GH
      Sep 07, 2016 07:34 PM

      LOL

      The Saker delivers.

    Sep 07, 2016 07:33 PM

    Good comments, gentlemen. The Fed has never raised its benchmark rate, at least in the post-1994 era of “transparency”, when the probability was less than 60%, according to Jim Bianco, president of Bianco Research. Currently probability appears closer to 85% based on the CME Group FedWatch Tool. I was surprised to see it that high.

    http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html