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The Decline & Fall Of Fed Credibility (In 1 Simple Chart)

The Decline & Fall Of Fed Credibility (In 1 Simple Chart)

With The Fed expected to raise interest rates in a few minutes, (and likely jawbone about how the path to normalization is now progressing well), we thought it worth a reminder that FOMC officials’ quarterly interest-rate projections have gone nowhere but down since the last time they were marked up in September 2014.

As the infamous 'dot plot' reveals, Fed forecasts of rates for 2017 have fallen in line with the market's perceived credibility of the failing institution...

You decide if what The Fed says today is worth paying any attention!

"Less Room To Run" - What Wall Street Is Paying Attention To In Today's Fed Statement

"Less Room To Run" - What Wall Street Is Paying Attention To In Today's Fed Statement

When it comes to today's FOMC decision, there is little speculation: a 25 bps rate hike, the first in 2016 and only the second since the financial crisis, is now effectively assured: all 103 Bloomberg-surveyed economists expect a 25bp increase. The market agrees, and as shown in the chart below, implied rate hike odds are at 100%, with some even speculating that the Fed may hike by 50 bps.

GSA Changes Tune, Says Trump Not In Violation, "Democrats Mischaracterized What GSA Said"

Update: It appears there may have been some confusion, because moments ago the GSA now says that it has not concluded Trump would be in violation regarding the Trump Hotel, and adds that Democrats mischaracterized what GSA official said.

A Real Journalist Blasts MSM Coverage Of Syria

Independent Canadian journalist Eva Bartlett exposes the mainstream media lies about Syria. During an emotional speech at the UN, Eva says that Western media’s coverage of the Syrian war is “compromised” as their local sources are “not credible” and, in the case of Aleppo, not even there. RT reports: “I’ve been many times to Homs, to Maaloula, to Latakia and Tartus [in Syria] and again, Aleppo, four times. And people’s support of their government is absolutely true.

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