[Chode]

silly me... and here i thought the U.S. Economy Contracted 0.7% in First Quarter

http://www.nytimes.com/2015/05/30/business/economy/us-economy-gdp-q1-revision.html?_r=0

[1raider1]

With apologies to Rocky and Bullwinkle

Yellen, “Hey savers, watch me pull a rate increase out of the end of this year.”
We retiries, “...but you’ve been saying that for the last six years.”
Yellen, “This time, for sure!”

[familyop]

Except that Fed officials are expecting the funds rate to stay at 0.625% through the end of the year, and Yellen said that there are no sure signs of wage growth.

[E. Pluribus Unum]

But the US feral government ain't.

Once the rate starts rising on the national debt the whole house of cards will come tumbling down.

[Nachum]

[Chode]

now wait a minute... SOMEBODY isn’t telling the truth here

Fed Holds Off On Interest Rate Hike, Downgrades Economic Forecast
Source: Los Angeles Times

By Jim Puzzanghera

Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it.

Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.

If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.

In a statement after its two-day policymaking meeting, Fed officials said the economy “has been expanding moderately” ******after having improved little during the first quarter.*****

so now a contraction of .7% is considered expansion in new speak i guess

Read more: http://www.latimes.com/business/la-fi-federal-reserve-interest-rate-20150617-story.html