BREAKING : Obama’s Federal Reserve HALTS “Trump Historic Rally” by RAISING Interest Rates
Obama couldn’t stand to see Trump’s historic rally continue on much longer so his buddies at the Federal Reserve raised interest rates for the first time this year, and only the second time in 10 years.
Controlling the interest rates and refusing to raise them is what has kept Obama’s “fake economy” on life support for nearly 8 years.
From Bloomberg:
Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening.
The Federal Open Market Committee cited “realized and expected labor market conditions and inflation” in increasing its benchmark rate a quarter percentage point, according to a statement Wednesday following a two-day meeting in Washington. New projections show central bankers expect three quarter-point rate increases in 2017, up from the two seen in the previous forecasts in September, based on median estimates.
The central bank said monetary policy supports “some further strengthening in labor market conditions and a return to 2 percent inflation,” adding the word “some” in an indication that officials see less room for improvement in the job outlook. The word “strengthening” also replaced “improvement.”
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can follow her on Twitter here and Facebook here.
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This is a criminal administration. One can already witness the negative effect on the stock market. Citizens with adjustable home mortgages will be devastated. Expect more mortgage defaults and for the blame to be attached to the Trump administration by this petty incompetent pResident.
I never despised anyone in my life more than that dirty Muslim traitor Obama. He will do what he can in the little time he has left to destroy this Country..The only satisfaction that we can get is the fact Obama will have no legacy, and will be thought of in history as the worse President this Country has ever had. I am sure Jimmy Carter is happy about that title.
Your sentiments are mutual. Merry Christmas~!!!
rates should have been raised long ago. this is another mess Obama is leaving us. Yellen should be out at the first opportunity.rates will go up further causing much pain. letting people ramp up their debt at the low interest rates for years was wrong. people should go to prison for this. only in time will we see how wrong this was.
Liberal media bias – such baloney -no, malarky! Aside from the real fact that there is little truth in your so-called truthfeed, Our economy as well as the entire industrialized world was in shambles due to banking excesses when Obama took over the Presidency. His administration (not him alone, because NO ONE can anything alone) saved the American car industry, and kept the US and the most of the industrialized nations from bankruptcy and a major depression. But then, that’s Trump’s M.O. – run up debt and then declare bankruptcy, screw over the creditors and walk away like the silicone man. He’s the one who needs to show the world that he’s NOT Putin’s marionette, and won’t destroy our economy. The DJ Average is not the economy,stupid!
I love people know the “truth” as opposed to hat believing nonsense. If only they would take time to read or research for themselves.
Take off your tin foil hat, Tommy. This economy has been wrecked since George Bush and Obama made it ten times worse. For you to make excuses for Obama as if he’s done anything that has helped this country is insanity. You are an idiot, sir. Race riots, terrorist attacks multiple times on US soil, unemployment skyrocketing, private sector jobs disappearing while Obama created thousands and thousands of govt jobs, creation of ISIS, destabilization in Libya which caused the world wide immigration crisis, our southern border almost doesn’t exist while illegal aliens pour in and get free housing and welfare, create crime. Should I go on? I surely could. O’DUMBO is the worst POTUS USA has ever had and its not even close. He’s a TRAITOR, dirty Muslim puppet, lackey for George Soros.
OH wow… another Russian funded propaganda “news” source! But I guess all that’s just made up huh.