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With rates so low the spreads cant be much, as interest rates rise the difference between what it cost them to what they charge in lending grows, also the difference between what they earn on cash and what they pay customers on their cash grows too.
That happens every time after there's a Fed decision. Will happen again in the future.
Yea, but I don't think this heroin dose is going to last as long as the past ones. The uncertainty will start soon on if they will hike in December now. I put it at about 50/50. I thought it was very slim they would hike this time...I was in the "no" the whole way.
So, you think, the economy - especially small businesses - is still ain't at a point where it can take even a small hike in rates.
Personally, I think they should have hiked awhile ago. By that I mean probably 3 or more years ago, but then again if you have seen any of my other posts, I don't like the Fed.
I don't think anyone can take a rate hike right now after about 6 years. Eventually it is going to happen, but I think the more they delay the inevitable, the worse it is going to be. I really believe the Federal Reserve cornered themselves into a no-win situation.
Great call by the FOMC today. Not only did we not get a hike I didn't feel like the press conference was hawkish either. I think they made the right decision given the risks are so asymmetric.
If we can't tolerate a small rate tick by the Federal Reserve now, I guess the economy really is in bad shape or more fragile than many are saying; well, at least according to the Federal Reserve.
In closure, ladies and gentleman, we all shall play this survey game again next month and in december...and possibly continue to play it for the forthcoming future.
Mrs. Yellen confirmed tonight that a rate hike is due this year. My bet is still on December. If I remember correctly the market always overestimates when the first hike comes but then underestimates the tempo of increases thereafter. May also be my imagination.
I saw that but I'm not making much of it because by the time the next meeting rolls in if there's some other external issue (like china) in focus and that spooks the fed.
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