Fed seen raising interest rates in June 2015

Reuters ^ | Jul 3, 2014 | Ann Saphir

[ConservingFreedom]

U.S. short-term interest-rate futures contracts fell Thursday after a government report showed stronger-than-expected job growth in June, as traders boosted bets the Federal Reserve may raise rates sooner than previously thought.

The contracts show markets are assigning a roughly 55 chance of a first Fed rate hike in June 2015, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts. [...]

[Jonty30]

Obama and Congress, in the last 6 years has doubled the debt. Keeping interest rates where they were still meant the amount being paid on the debt doubled. If they are raising interest rates, it basically means the amount being paid on the debt may have effectively tripled or quadrupled.

[stillfree?]

Well the Banksters are having trouble lending at 100% over their cost, so of course they need to raise prices. (s)

[Starboard]

55 chance of a first Fed rate hike in June 2015

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LOL. They’re not going to pull the plug on the printing press. Its the source of political power in this country.

[Starboard]

it basically means the amount being paid on the debt may have effectively tripled or quadrupled.

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Not a problem. Just print more funny money. And lots of it.

Prosperity can be printed. Didn’t you know that? /sarc

[Georgia Girl 2]

Well when they get inflation ramped up they will be paying the debt off in inflated dollars. Its called stealth default I’m sure that’s been the plan all along.