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Dimon says Fed will likely still hike rates in December despite market turmoilDespite the stock market sell-off this week, J.P. Morgan Chase CEO Jamie Dimon predicts the Federal Reserve will likely still raise interest rates in December. Big biz broke the trust... that’s unfortunate this guy has fired more people than anyone else in business Govt. was pretty important for a banking bailout too.
Source: CNBC - 🏆 12. / 72 Read more »
Fed Minutes Signal December Rate Rise Likely, But Less Certain Path Next YearFederal Reserve officials signaled plans to raise interest rates next month, but they appeared more tentative about maintaining a pace of quarterly increases after that, minutes of the central bank’s recent policy meeting show. Goes to show that tantrums work, as long as the President is throwing it! But our economy is so strong running a trillion dollar annual deficit Wise move by Fed
Source: WSJ - 🏆 98. / 63 Read more »
Fed officials eye December rate hike but stress path from there is uncertain: minutesFederal Reserve officials said Thursday they still expect to raise interest rates again in December, but signaled that the path of policy in 2019 was much more up in the air.
Source: MarketWatch - 🏆 3. / 97 Read more »