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Fed hikes rate, lowers 2019 projection to 2 increases“Political considerations have played no role whatsoever in our discussions or decisions about monetary policy,” said Fed Chair Jerome Powell after increasing rates following weeks of attacks on the central bank from President Trump. Why dont you play the part where he said they would be data dependent. Not fit the narrative? Great Job Powell! Your independence will drive the country into a recession ..... if only Yellen had been in a position to raise rates sooner! The fed has screwed (again) the people NOT rescued from the housing disaster ...the home owners. Banks got bailed out Home owners who loaded up debt to try to SAVE THEIR DAMNED HOUSES now get taken for even more pain... UNBELIEVABLE GOVERNMENT
Source: CNBC - 🏆 12. / 72 Read more »
Wells Fargo sees stock gains in 2019 despite higher interest rates, aged economyWhile U.S. stocks should continue to climb in 2019 amid record earnings, the trek to new highs will be marked by turbulence as both fiscal and monetary stimuli recede.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. stocks turn lower as Fed lifts interest rates, signals 'some further gradual' increases neededLiquidity is larger problem. Unwinding bonds which Banks invested in Stock Market, is killing investor 401Ks.
Source: MarketWatch - 🏆 3. / 97 Read more »