Steve Leisman, a CNBC economic commenter, just suggested the only reason for a delay in a December rate hike might be expansive military action against IS/ISUS/ISIL Optics wouldn't look very good. Given that POTUS' vocabulary doesn't include using terrorism, Jihadist, Islamic, and Muslim in any word combinations and classifies military deaths as workplace violence, Yellen and company will probably move ahead on a quarter-point hike. Me thinks that will be more symbolic than affecting the markets. CNBC Market Insider posted a "no deterrent to rate hike" article -- http://www.cnbc.com/2015/11/16/fed-will-not-be-deterred-from-hiking-rates.html -- a few hous earlier.
I certainly don't know for sure, but my best guess is that this will provide the fed another excuse to hold off.
And this starts hitting the topics again. Basically the fed is as lost as a headless chicken so I don't even care anymore. They should have raised the interest rates (just a tiny bit. Mainly just cosmetical) a while ago but they have always found some reason to hold off. Guess they will find a reason now too.
It doesn´t matter either way. The market and basically everyone in the world has it as a 50-50 toss up at this point, so either decision they make is not going to move the markets. Only surprise fed moves affect the market, and at this point .25 yes or no is not a surprise. If they raised it to .5, then I think the markets would react, but that is very unlikely to happen. Also, please stop this idiocy. Some person claims that ISIS will have an affect on their decision, and right away people blame them because ISIS has an affect on their decision. First off, they haven´t even made the decision yet, and second there is nothing that indicates ISIS would have an effect on what they do decide, except some guy ranting about something political that you happen to agree with. It amazes me to watch how easily people are manipulated. There hasn´t been a decision, there hasn´t been military action, yet here we are with people getting all in a fuss against Obama.
Thankfully the smartest guy in the room has returned to set the record straight for us idiots who do not have crystal balls.
RE Leisman, it was funny to see him call a Lieutenant General "Lieutenant" on the air a while back when he was out on location at some military base a while back. It was probably the first time in 25-30 years the General had been called that. If it's a Major General, Lt General, or Brigadier General, he or she is either called by their full rank, or else called "General". It's inappropriate to call such a senior officer by the first name in their rank, and makes one look like a schmuck for doing so.
For what it's worth, it seems that the current narrative is that 75% of economists believe the hike will definitely be in December. Not that they are always right of course (or necessarily that it matters based on the degree of movement). It's their job to create more noise for the market to pontificate on. But as they say, economists have predicted 9 of the last 5 recessions...
I agree with Sir, JR Ewing's opinion. another excuse, we may hear on 16th. Dec. and until that, any bigger incidence expected. any news maybe we hear soon from ME or south China sea. best guess is, South China sea.
And that is my point entirely. You are getting in a tizzy saying OMG, they are using ISIS as an excuse, yet the vote hasn´t even happened yet. I am not the one posting about something that hasn´t even happened yet and blaming the FED for making excuses for something they haven´t even done yet. Not only are you looking into a crystal ball yourself, but you are blaming other people for what you are seeing. And thank you for the compliment.
