Wednesday, December 30, 2015

Credit Market Carnage And The Big Surprise For This Week

“We have finally reached that moment, Eric, when the Fed will announce whether it is going to raise U.S. dollar interest rates, which have remained unchanged for seven years. The announcement will be made Wednesday afternoon at the conclusion of the Fed’s two-day meeting…

Through the release of the minutes from the Fed’s previous meetings as well as its numerous public pronouncements over the past several weeks, Fed officials have indicated that rates will rise by 25 basis points (0.25 percent). But there are still good reasons to believe that the Fed will again choose to keep interest rates unchanged with its target Fed funds range remaining at 0-0.25 percent."

- Source, James Turk via King World News