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Fed may raise rates as soon as next spring, Yellen suggests
Yahoo Finance ^

Posted on 03/19/2014 3:04:35 PM PDT by Red in Blue PA

WASHINGTON (Reuters) - The Federal Reserve will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later, Fed Chair Janet Yellen said on Wednesday.

That's a somewhat more aggressive path toward higher rates than some investors had anticipated, and both U.S. stocks and bonds slumped. Futures traders now are pricing in a first rate hike as soon as April 2015.

"She certainly moved (the timetable) up a little bit and I don't think the market was expecting that at all because she is widely viewed as being more on the dovish side of the aisle than she is on the hawkish side," said Peter Kenny, CEO of Clearpool Group in New York.

In announcing its view on future rates after a two-day policy meeting, the Fed dropped a set of guideposts it was using to help the public anticipate when it would finally start bumping overnight borrowing costs up from zero.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: demagogicparty; globalwarminghoax; janetyellen

1 posted on 03/19/2014 3:04:35 PM PDT by Red in Blue PA
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To: Red in Blue PA

Ya raise interest rates and watch what’s left of the middle class economy and housing implode....


2 posted on 03/19/2014 3:07:25 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Red in Blue PA

Just in time to blame a new Republican Congress.


3 posted on 03/19/2014 3:10:48 PM PDT by Huskrrrr
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To: dragnet2

Hhmmm...interesting...waits till after the 2014 midterms


4 posted on 03/19/2014 3:10:48 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: Huskrrrr

Yep...what you said


5 posted on 03/19/2014 3:11:29 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: Huskrrrr

What I was thinking.

Any improvement in the economy will be more than offset by increased interest rates.


6 posted on 03/19/2014 3:11:47 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: goodnesswins

And the socialists will spend billions of public information campaigns to make sure R’s are to blame (falsely.)


7 posted on 03/19/2014 3:12:44 PM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: dragnet2

Note to self:

1) Buy more long-term-storage food.

2) Plant garden.

3) Put back more potable water.

4) Buy more ammo.

5) Dig bomb shelter.


8 posted on 03/19/2014 3:14:00 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Red in Blue PA

Yep, all of these liberals, socialists and communists in this government are preparing for a complete change over of the senate and the house. The same thing is happening to these Alphabet Govt. Agencies. They are already taking sides on this coming election. What they plan to do is completely throw this government in a turmoil. They are thinking that once these conservatives are elected in 2014, and the whole country is in a turmoil, maybe, just maybe, come the 2016 election, the people will want them back.


9 posted on 03/19/2014 3:14:42 PM PDT by gingerbread
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To: goodnesswins; Huskrrrr

And for all their evil, the Democrats are very good at playing those games -— like delaying Obamacare.

All for effect.

Not approving of what they’re doing but I think you guys are right.


10 posted on 03/19/2014 3:15:28 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Red in Blue PA

Since China was not dumb enough to keep buying our “promise to pay you back later” bonds, our government came up with a great idea-sell the bonds to.....themselves.

Brilliant!


11 posted on 03/19/2014 3:20:12 PM PDT by icwhatudo (Low taxes and less spending in Sodom and Gomorrah is not my idea of a conservative victory)
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To: Red in Blue PA

At this point - and it’s been clear for a few years now - an improvement in the economy is bad, possibly devastating, for the economy.


12 posted on 03/19/2014 3:20:49 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: goodnesswins
Hhmmm...interesting...waits till after the 2014 midterms

Who wouldda guessed it?

13 posted on 03/19/2014 3:24:27 PM PDT by GOPJ ( http://www.democraticunderground.com/10024685964 - democrats hating Obamacare...)
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To: Red in Blue PA
 photo bulls_zpsd210bf98.gif The Fed can never let interest rates go up, the USA couldn't possibly service its debt.
14 posted on 03/19/2014 3:25:17 PM PDT by Junk Silver
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To: GOPJ

Are you implying the Federal Reserve is NOT impartial?


15 posted on 03/19/2014 3:25:47 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

They have to continue to pump the money machine until after the elections.


16 posted on 03/19/2014 3:26:38 PM PDT by kaehurowing
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To: icwhatudo

Keynesians say that so long as you keep circulating the money, it doesn’t matter if it’s a total fiction. To me, it’s sort of like taking water out of one end of the swimming pool and dumping it back in the other end.


17 posted on 03/19/2014 3:29:15 PM PDT by kaehurowing
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To: F15Eagle

6) Pray. Maranatha.


18 posted on 03/19/2014 3:39:15 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Red in Blue PA

Yeah, sure—next Spring. [/s]

Mark my words: The FED will never raise rates. Ever. To do so, would collapse the entitlement state. Can’t have that.

For those of you who haven’t figured it out yet, zero interest rates are a TAX on savers in order to finance out of control Government spending—especially on entitlements. If rates go up, the spending party has to end. It can’t end, so they will stay zero forever.


19 posted on 03/19/2014 3:56:51 PM PDT by rbg81
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To: Red in Blue PA

I’m for it if it’s not excessive because it will help clear up this easy money crap and maybe stem off the inflation no one talks about (models are worthless and political these days).

Remember, interest rates go both ways. The low return on investment these days is driving money into stocks which always bubble and correct.

Home mortgage owners that are locked in now have nothing to fear unless they are looking to sale.


20 posted on 03/19/2014 4:00:12 PM PDT by Fledermaus (I support Joe Carr in the TN GOP Primary against Lamar!)
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To: SVTCobra03

Oh yeah — thanks

I should have stated those were just Earthly preparations - LOL.


21 posted on 03/19/2014 4:22:21 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: dragnet2

Let the final destruction begin.


22 posted on 03/19/2014 4:34:59 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Red in Blue PA

They’ve been saying ‘next fall’, ‘next spring’ for years now. Any one noticing? LOL


23 posted on 03/19/2014 4:37:13 PM PDT by servantoftheservant
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To: rbg81
For those of you who haven’t figured it out yet, zero interest rates are a TAX on savers

For years now, millions are part time if they have jobs, hours cut, pay cut, benefits devoured....Savers?

24 posted on 03/19/2014 7:19:35 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Georgia Girl 2

That’s about it...But it really don’t matter to me anyway...As I’m sure as +*$% not looking for any loans or to pay on any credit...

We got off that slave train years ago.


25 posted on 03/19/2014 7:23:08 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Red in Blue PA

“Any improvement in the economy will be more than offset by increased interest rates.”

Absolutely; imagine the spike in insolvent households when the following increase: the interest rates on the record credit card debt Americans have ammassed over the past decades trying to preserve their standard of living, and the adjustable rates on mortgages held by people who are “under water” (and therefore unable to transition to a traditional fixed-rate mortgage).

On top of that, home sales will plummet even further. Once people stopped having children due to financial instability, they sure as heck weren’t going to buy a home; this would be the last straw for a housing sector that is already hurting.


26 posted on 03/19/2014 9:08:26 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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