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The Fed Raises Rates
Topic Started: 15 Dec 2016, 07:37 AM (2,073 Views)
Simon_S
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US Federal Reserve raises interest rates for only second time since GFC

Quote:
 
The US Federal Reserve raised interest rates by a quarter point and signalled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation.

The rate increase, regarded as a virtual certainty by financial markets in the wake of a string of generally strong economic reports, raised the target federal funds rate 25 basis points to between 0.50 per cent and 0.75 per cent.


Fun Times as money gets more expensive.........

And look at those Currencies Run........

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Rufus
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Simon_S
15 Dec 2016, 07:37 AM
Fun Times as money gets more expensive.........

And look at those Currencies Run........
Yes, it's a sign that the worlds economy is getting stronger.
Thanks for reminding us of that.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
15 Dec 2016, 07:53 AM
Yes, it's a sign that the worlds economy is getting stronger.
Thanks for reminding us of that.
I'm Glad you think its getting stronger......

Fed Officials See More Rate Rises Coming In 2017

Quote:
 
WASHINGTON—Federal Reserve officials now expect to raise short-term interest rate more often next year, amid a little changed economic outlook.

Officials penciled in around three rate rises for 2017 that would leave their overnight target rate at a median level of 1.4% for that year, up from 1.1% in forecasts released in September. They see an additional three increases each in 2018 and 2019, with the median rate target at 2.9% for the latter year. The forecasts show less consensus among policy makers about rate actions after next year.


Another 3 rate rises next year.......cant wait!

And another 3 in 2018.....

And then another 3 in 2019......

Fun times indeed.


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Rufus
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Simon_S
15 Dec 2016, 08:23 AM
Another 3 rate rises next year.......cant wait!
Wow, it must be REALLY STRONG.

That will lift the whole worlds economy.

That will be good for all of us.
Take risks - if you win you will become wealthy, if you lose you will become wise
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newjez
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... and they said it couldn't happen!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Simon_S
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Rufus
15 Dec 2016, 08:36 AM
Wow, it must be REALLY STRONG.

That will lift the whole worlds economy.

That will be good for all of us.
Yes especially Good for those with Big Mortgages......

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Rufus
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Simon_S
15 Dec 2016, 08:40 AM
Yes especially Good for those with Big Mortgages......
Yep, wages will increase as the economy improves.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

Simon_S
15 Dec 2016, 07:37 AM
US Federal Reserve raises interest rates for only second time since GFC




Fun Times as money gets more expensive.........

And look at those Currencies Run........
Just picture a property investor in Australia with say 90% debt, a string of properties and a rising interest bill..

Oh dear tick tock...

https://www.youtube.com/watch?v=y-AJwogMrAU
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Simon_S
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Rufus
15 Dec 2016, 08:43 AM
Yep, wages will increase as the economy improves.
Great.....Wages inflation.....

Just what we need to increase Rates even more.

Fun times....

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Khaderbhai
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Wealthy Suburbanite

Quote:
 
faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation
Good news indeed. Great to see the US economy roaring back to life. Trump's big infrastructure agenda will certainly be a positive development for global inflation and demand - especially for commodities which will further boost the new Perth up-cycle which kicks off next year.

So much for the silly bears who said the US could never raise rates. Meanwhile the price of gold continues to dive. I wouldn't like to be holding too many gold stocks today...
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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