3 Presidents Dissent As Fed Chickens Out “For Time Being” – Holds Rates Unchanged

by Tyler Durden
ZeroHedge.com
Sep 21, 2016

With rate hike odds tumbling post-J-Hole thanks to Brainard (but up to 24% today), macro data deteriorating, European banks tumbling, and China money markets turmoiling, expectations were low for a ‘surprise’ rate hike today. And sure enough, they didn’t…

*FED: DECIDED TO WAIT ‘FOR THE TIME BEING’ FOR MORE EVIDENCE
*FED SAYS GEORGE, MESTER, ROSENGREN DISSENTED IN FAVOR OF HIKE (most dissents sine Sept 2014)

No addition of “Risks are balanced” language and cuts the long-run growth rate for the US economy below 2% for the first time ever.

The Rest…HERE

This entry was posted on Wednesday, September 21st, 2016 at 2:06 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.