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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 published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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

fednovfomc

The EFFECTIVE Fed Funds rate is only 1.07%.

fedtargeff

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

fedprob110117

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.

farbastexe

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

frankoxy

 

 

 

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