They'll leave the target rate unchanged at 2% and will express optimism that the rate is accommodating enough for future growth and caution that inflation is above their comfort level.
I think they'll hold at two and let it ride, with an implication that their next move will be up if inflation keeps being so scary.
1. We're gonna get fucked, and they don't care? And they'll have a
fabulous weekend?
Do you mean, are they worried? I think they're gathering their retirements, and once it's done, it will be done. I also imagine there are some very nervous people right about now.
historically the fed won't touch rates when it gets close to the presidential election. Simply put the window of opportunity to raise rates is closing, they need to act soon or wait until after Obama is elected. Standing pat is not a viable option through November.
heard that mad money guy, can't remember his name; say that there was maybe 2-3 $'s in speculation driving oil prices, pooh-poohing rampant war and war profiteering as a factor. in that all these guys are all in each other's pockets...won't the fed do as little as they need to to sustain speculation? won't they expect us to bail them out even if it falls through the floor at 2%?
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