https://www.moneymetals.com/news/2015/10/26/fed-meets-on-rates-000780
Federal Reserve officials meet on Wednesday, and almost no one
expects them to change interest rates. Because of the overwhelming
build-up of government and private debt, the economy appears totally
unable to withstand higher interest rates.
But expect the usual parsing of officials’ every utterance for clues.
It’s already been over nine years since the Fed has raised rates even a
quarter point, so don’t hold your breath.
Meanwhile, the Treasury Department declared a debt ceiling deadline
of November 3rd. Outgoing House Speaker John Boehner will try to push
through a debt increase before his scheduled departure on Friday (when
he’ll likely hand over the gavel to Paul Ryan). If Congress can’t come
to an agreement this week, markets could get rattled on the looming
possibility of a U.S. default.
It’s a remote possibility, though. Insiders say the Treasury and
Federal Reserve could take additional emergency actions to pay the
government’s bills well past the Obama administration’s arbitrary
cut-off date.
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