Maximus: The Federal Reserve leaves rates unchanged
Iko Ward: They aren't raising rates because we'll be in an asset backed currency soon. They'll wait until the dust settles and the world revalues.
Glajef: IKO... If there was not an impending RV, would they not have raised rates? Because if they don't raise rates, they cannot lower them from here to bail us out of an economic downturn. Is that a logical theory?
Iko Ward: Glajef...it is logical if we remain Fiat but we will not. We may even exchange into asset backed funds. The FED is lost. Most market analysts are lost. Unlike the change to Fiat in 1971 when we controlled so much if the world market, the world markets now control us to a great degree. We are by no means doomed, but we have many, many more partners to deal with. The sooner these old farts in Washington admit this, the faster we will be able to react and adjust.
RVAlready: Yes, I think the Fed bankrupted the US. We need the GCR and asset based money to fix this.
Irene: Fed leaves interest rates unchanged
NoNo: the mortgage meltdown was the straw that broke the camels back, and the rest of the world finally had enough of our Wall St White House, and K St Capital Hill shananigans... and they've done what we could never do, because the PTB have had decades to perfect their control over the US Citizenry but they had little influence over the actions of sovereign nations to extricate themselves from a corrupt system…. relief is on the horizon...
NoNo: I am impressed with what the government of Finland did after they recovered from the first impact of the derivatives crisis, they bailed out their citizens, and jailed the bankers...
here's to hoping the new banking system keeps the bankers from ruining the next 100 years of progress.
JumpinJackFlash: Nono...that was exciting...they definately had their heads on straight...wish ours would get with the program.
NoNo: heres to hoping we can be a trigger for change and integrity going forward... our children are going to deal with whatever legacy we leave them, and if they matter, then we have to do better... we just have to do better.
luvwulfs In addition to the release of the policy statement at 2 p.m. EDT (1800 GMT), Fed policymakers also will issue a fresh set of economic projections that will provide insight into the expected pace of subsequent rate hikes and other key economic matters.
EF: This is a result of the systemic failure of the Fiat system said no is it the world knows it and you should know it but most importantly you will see the changes inspire of it and very quickl
The Fed is out of real money. No more digital. Guess what comes?
Short stint on fiat to asset is my guess and NEXT!!!
Next is close to now!!!
Our experts continue to have big egos and because of that the mistake that that brings his overconfidence but it doesn't matter are fed is out of money and they are fed up and now the real game begins
What is coming out of her mouth (Janet Yellen) is called political posturing ! When the wake up call comes and all of a sudden they have to cast blame on somebody she's gonna look at them and she's going to hear political posturing !
According to some of the people I associate with I wouldn't take any vacation this week or perhaps next week but I think this week is closer but that's just my opinion
Airam: Elmer the news about the interest rate ....how does it affect us ....if it does?
EF: Airam. It won't affect what we are looking for. We be good.
offGrid: Dow down -67.28 since Yellen talking at press conference and the trend is a hard downward dive at present ... market still has 1.5 hours to go
BeachKid: Bloomberg-- Down 44 pts.
Flybaby777: Wow everything's turning red and it's been just since yellen's been talking
Mobius: avid Stockman: Markets in store for huge correction if Fed doesn't raise rates. http://finance.yahoo.com/news/the-fed-is-on-a--jihad--against-savers-and-retirees--david-stockman-152302491.html#
MVH: My really close friend in Louisiana told me about the Dinar about 2-1/2 years ago. The man that told her about the Dinar is in the Admiral's Group. A while back, he had turned in his Dinar in Reno and got SKRs (Safe Keeping Receipts). Well, last week, he went to a bank and cashed in a boat load of SKRs and tomorrow is giong back to cash in more! Just had to share this! Has anyone else out heard anything about this
Greatly Blessed: Fed Keeps Interest Rate Steady, Preserving Job Growth
The Federal Reserve announced on Thursday that it is keeping its benchmark interest rate at or near zero, allowing job growth to continue unhindered.
The Fed’s federal funds rate -- the interest rate the Fed charges for banks to lend to one another overnight -- will remain at target rate of 0.0-0.25 percent, where it has been since December 2008 at the height of the financial crisis. The Federal Open Market Committee (FOMC), the central bank body charged with adjusting key rates, will have its next chance to adjust the influential interest rate when it meets again on Oct. 27 and 28.
By leaving the key interest rate untouched, the Fed is deliberately maintaining economic demand by preserving the current low cost of credit for consumers and businesses. If the Fed had raised rates, it would lower demand for goods and services, which in turn would reduce demand for workers and slow job growth. Fewer available jobs means less competition for workers, limiting wage growth.
The decision to postpone a rate hike was not unexpected. Some Fed officials have been indicating for weeks that fears about China and other emerging markets that spurred August’s stock market losses were giving them pause about a September rate hike. William Dudley, president of the Federal Reserve Bank of New York, expressed those concerns in remarks he made on Aug. 26, calling a September rate hike “less compelling” than it had been in the weeks prior.
The news will likely reassure anxious investors and prompt stock prices to rise. It guarantees another month without more expensive credit and the dampening effect it would have on trading, however minimal.
But many liberal economists and activists opposed to an interest rate hike long before recent stock market volatility are ambivalent about the Fed’s decision. They are pleased the Fed is not raising rates in September, but they argue that the central bank should base its decision on wage growth, not the stock market.
Before the stock market volatility, "the case against raising rates for the labor market was clear as day, but all of a sudden when wealthy people lost money in the stock market the tide turned against a rate increase,” said Josh Bivens, the research and policy director at the left-leaning Economic Policy Institute, at a press conference on Aug. 27 . “I’m happy rates are less likely to go up because of that, but it is a terrible reason.”
Bivens and others want the Fed to wait until the economy is producing enough jobs to generate wage growth of at least 3.5 percent.
Wages before inflation have gone up 2.2 percent in the past 12 months, despite the relatively low official unemployment rate of 5.1 percent. The official jobless figure does not account for the still-high numbers of people who are involuntarily working part-time or have given up looking for work, which many economists believe explains why wage growth remains weak. When there are still more job-seeking workers than available jobs, there is less pressure on employers to compete for workers by raising wages.