Heading into the Fed's first "dovish" rate hike in nearly a decade, the consensus was two-fold: as a result of relentless telegraphing of the Fed's intentions, the hike is priced in, and it will be a "dovish" hike, with the Fed lowering its forecast for the number of hikes over the next year.
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Economic Disaster
Posted with permission and written by Rory Hall of The Daily Coin (CLICK FOR ORIGINAL)
It has been a strange two days for US foreign policy.
Earlier today we reported that in what amounts to a significant blow to the official US position over Syria, namely the multi-year demands to replace president Assad with a western puppet ruler, John Kerry on Tuesday accepted Russia's long-standing demand that President Bashar Assad's future be determined by his own people, as Washington and Moscow edged toward putting aside years of disagreement over how to end Syria's civil war."
The alleged ties between Turkish President Erdogan and Islamist terrorists in Syria is an embarrassment for the Obama administration and the U.S. news media, which would prefer to look the other way rather than face up to the danger created by an out-of-control NATO "ally," writes Robert Parry.
Sticker Shock: Fed to Hike Rates First Time in NINE Years!
Courtesy of Phil’s Stock World
A rate hike – what’s that?