Felon (Fed & Yellen) Leave Rates Unchanged At 1.25%, Effective Rate at 1.07% (Prob of Dec Hike Is 87.5%)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

The November FOMC meeting is over and they left the Fed Funds Target Rate – upper bound untouched at 1.25%.


The EFFECTIVE Fed Funds rate is only 1.07%.


The implied probability of a DECEMBER rate hike is now 87.5%.


Here is the statement where they add that “the balance sheet normalization program initiated in October 2017 is proceeding.”

Yes, if you use an electron microscope you may be able to detest the “normalization” of the balance sheet.


Let’s see if Obama-appointee, historian/lawyer/DC insider Jerome Powell will resort to inhaling oxygen in the economy … again.





Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.