Biz

Federal Reserve Raises Interest Rates

BORROWING IS ABOUT TO BECOME MORE EXPENSIVE … The Federal Reserve – America’s secretive, money-printing central bank – has raised interest rates for the first time in nearly a decade, a move that will make borrowing money more expensive. The last time the Fed raised rates?  The end of June,…

BORROWING IS ABOUT TO BECOME MORE EXPENSIVE …

The Federal Reserve – America’s secretive, money-printing central bank – has raised interest rates for the first time in nearly a decade, a move that will make borrowing money more expensive.

The last time the Fed raised rates?  The end of June, 2006.  Since December 2008, rates have been effectively zero.

Now, though, rates will rise by a quarter of one percent – from zero to the 0.25 to 0.5 percent range.

Why now?

“I feel confident about the fundamentals driving the U.S. economy, the health of U.S. households, and domestic spending,” Fed chair Janet Yellen said during a press conference. “There are pressures on some sectors of the economy, particularly manufacturing, and the energy sector…but the underlying health of the U.S. economy I consider to be quite sound.”

Really?

Liberal media outlets praised the move …

“It is a sign of how much the economy has healed since the Great Recession,” left-leaning CNN trumpeted.

Okay …

CNN also touted how the decision to lower rates was based in large part on the nation’s shrinking unemployment rate … which as we’ve repeatedly pointed out is a virtually meaningless number in light of the rampant workforce shrinkage we’ve witnessed over the last six years.

Oh well.  Let the “rainbows and unicorns” propaganda begin … again.

***

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11 comments

This Comment Deleted December 16, 2015 at 4:14 pm

WTF? Flip / Tang / TARev – is this guy stable. Always creating new Disques accounts, then deleting them? Seriously, someone needs a shrink.

Reply
tomstickler December 16, 2015 at 6:43 pm

Spill it, Will. Are you fer or agin the interest rate raise?

Reply
Squishy123 December 16, 2015 at 9:25 pm

For fuck sakes. Do the math, a quarter percent increase in a $200,000 mortgage is like $40/month. Not a real deal breaker.

Reply
TroubleBaby December 17, 2015 at 8:13 am

You are right. 25 basis points is nothing in the big picture. We’ve had ZIRP for a good while now.

Reply
Comrade1917 December 17, 2015 at 6:50 am

The Fed is a private banking cartel.
The Fed has been debasing the value of the U.S. dollar since 1913.

Reply
annonymous December 17, 2015 at 12:02 pm

The Federal Reserve Explained: https://www.youtube.com/watch?v=iP9H5fADC0E

Reply
annonymous December 17, 2015 at 12:05 pm

Who Owns The Federal Reserve: https://www.youtube.com/watch?v=WfnLnAjiFK0

Reply
annonymous December 17, 2015 at 12:09 pm

9 Trillion $$$ missing From The Federal Reserve: https://www.youtube.com/watch?v=1QK4bblyfsc

Reply
annonymous December 17, 2015 at 12:20 pm

Federal Reserve Killed JFK: https://www.youtube.com/watch?v=SsorQqLdUoQ

Reply
annonymous December 17, 2015 at 12:24 pm

The Lincoln-Kennedy Connection: https://www.youtube.com/watch?v=ZcRGAiTpQ0Q

Reply
ImpaledNazarene December 19, 2015 at 3:53 pm

Finally I can live off my savings like the good ol days!
Oh, wait! LMFAO!!!!!

Reply

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