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Old 03-01-2017, 01:37 PM   #1
A.T. Hagan
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Default Are US rate rises set to begin in earnest? Fed comments signal an imminent hike and put pressure on the pound

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Trump struck a conciliatory tone, which markets interpreted as being positive for the US economy
New York Federal Reserve President William Dudley said the case for interest rate rises has become ‘a lot more compelling'
UK manufacturing sector remains relatively strong but activity has dipped slightly, according to new data from IHS Markit
http://www.dailymail.co.uk/money/new...ure-pound.html
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Old 03-01-2017, 03:26 PM   #2
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Will be interesting to see how this impacts the national debt. At 4%, annual debt service increases to $800 billion per year. Even if we balanced the budget other than that payment (of which there is not a chance in hell), we would still see our $20 trillion deficit grow to $40 trillion in approximately 18 years and $100 trillion in approximately 40 years. This doesn't even include the looming shortfalls in the social security fund, pension plan shortfalls or state and local government deficits.

$100 trillion is pretty close to the combined wealth of everyone in the country right now.
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Old 03-03-2017, 02:31 PM   #3
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As per a CNN Breaking News email that came in a few minutes ago:

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Federal Reserve Chair Janet Yellen indicated Friday that if the economy stays on track for the next few weeks, a rate hike would likely come when Fed leaders meet March 14-15.

"At our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate," Yellen said in a speech in Chicago.

The Fed last raised rates in December -- only its second rate hike in about a decade. A rate increase would be another sign that the US economy is closer to full health after a very slow recovery from the Great Recession.
Rising rates affect millions of Americans, from home buyers to savers. They also have a major impact on the global economy and financial markets.
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Old 03-03-2017, 11:56 PM   #4
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Good, raise it to 8% so I can make a little on my CD's
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