Following the longest streak of so called “positive economic surprise” in history, it is perhaps (for some) a surprise that today, The Fed – once again – punted its decision to hike rates.
FED: `NEAR-TERM RISKS’ TO ECONOMIC OUTLOOK HAVE DIMINISHED
FED: JOB MARKET STRENGTHENED
FED: ECONOMY EXPANDING AT MODERATE RATE
FED: HOUSEHOLD SPENDING GROWING STRONGLY
FED: BUT THERE WILL BE NO RATE HIKE
But still no rate hike???
Allow me translate the “Fed speak” for you….
*FED: cant raise rates without risk of crashing stocks which would help Trump get elected.
*FED: A Trump win would be catastrophic to continuing Wall Street casino where the house always wins.
*FED: Yellen says that FOMC is unanimous that Hillary needs to be elected
*FED: FOMC says it will provide unconditional support for equities to help Hillary get elected.