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comment by snoodog
snoodog  ·  3078 days ago  ·  link  ·    ·  parent  ·  post: Britain Votes to Leave EU

Yeah that will be their excuse. They would have postponed them anyway but this is a good reason to do it without looking bad.





cgod  ·  3077 days ago  ·  link  ·  

They have been looking for an excuse.

I was convinced that if they couldn't find a halfway decent reason they might talk themselves into a tiny hike.

I've listened to three different speech/Q&A's with Board of Governors the last month or so. They have become progressively less bullish over time. I'm sure that they are all very relived that they finally have a convenient out.

snoodog  ·  3077 days ago  ·  link  ·  

If you look at the details the last hike wasn't real anyway. It was a fake market/bank boosting hike that offered to pay banks above market rates to keep money in fed overnight instead of actually withdrawing liquidity.