Friday, September 18, 2015

Fed leaves interest rates the same signalling economy is not in a good state

Fed Day has finally arrived, and just as many here in the alternative media believed, the central bank did nothing.  However, even more than simply keeping interest rates at zero for the foreseeable future, comments by Fed Chairman Janet Yellen signaled that not only is the economy not in as good a state as they have been parroting for the past year, but global downturns have even brought up the conversation for the central bank to take rates negative to try to stimulate inflation.
The results of no hike in interest rates brought a drop in the dollar, a rise in gold, and a steady move up for equities.  But the uncertain move that has yet to be seen will come over the next few days in Europe and in Asia, as their currencies will all rise and require necessary adjustments in the midst of an ongoing currency war to beat each other to the bottom.


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