Treasury yields added to their decline after the Federal Reserve issued its policy statement, following the meeting of its interest-rate setting body. The 10-year Treasury note yield TMUBMUSD10Y, -1.69% fell 4.1 basis points to 2.466%. The 2-year note yield TMUBMUSD02Y, -1.78% slipped 4.2 basis points to 2.226%. The 30-year bond yield TMUBMUSD30Y, -1.45% dipped 4.6 basis points to 2.891%. The central bank emphasized its patient policy stance, and kept policy rates unchanged between a range of 2.
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The last time the Fed cut rates as much as Trump wants was 2008 when the sky was fallingPresident Trump called on the Federal Reserve to slash interest rates by a whole percentage point to boost American growth. The last time the Fed cut rates that much was December 2008, amid the deepest financial crisis since the Great Depression. Great job sir. How many times did they raise the rates under Obama compared to Trump That is why CNN should stay out of the financial advise
Source: CNN - 🏆 4. / 95 Read more »
What to Watch at This Week’s Fed MeetingFederal Reserve officials are poised to leave interest rates unchanged at their two-day meeting ending Wednesday, and the debate could center on what it would take for them to move off the sidelines. If ONLY Dr RonPaul was elected. This stupid and counter-productive and corrupt institutian wouldve been closed by now. ...rates need to edge up, unwind QE. Delusional that anyone is thinking of rate cuts, more easing of any kind. Rates not normalized, & we will not have another such opportunity to get things adjusted before the next slowdown comes....and there will be no powder left, wet or dry!
Source: WSJ - 🏆 98. / 63 Read more »