Probably their last chance before the next crisis. It was already almost guaranteed, but we will probably see negative interest rates in the U.S. within a year.<p>The beatings will continue until morale improves.<p><a href="https://pbs.twimg.com/media/CPH_BT3UYAQxP25.png" rel="nofollow">https://pbs.twimg.com/media/CPH_BT3UYAQxP25.png</a>
I wish the fed allowed me to borrow at their rates. In fact, if I had access to such rates I could turn that money around and could loan it back to the fed for a substantial profit. I wonder if anyone else has though of that?
That's good for most HN readers, as the tech industry depends entirely on low interest rates to make insane amounts of capital available to unprofitable businesses. If you're enjoying your inflated salary, thank Janet Yellen.
There was an interesting article on here yesterday talking about what an experiment this has been. It will be quite interesting to see what will unfold in the markets once the fed builds up the nerve to finally bump up interest rates.
It seems like the market has become addicted to low interest rates. Every time there is a hint that interest rates will go up, the market goes down, and then the federal reserve gets spooked and doesn't go through with the hike.<p>At one time, it was the Federal Reserve's job:<p><pre><code> "to take away the punch bowl just as the party gets going"
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<a href="https://en.wikipedia.org/wiki/William_McChesney_Martin" rel="nofollow">https://en.wikipedia.org/wiki/William_McChesney_Martin</a>
It's really remarkable (in a good or bad way depending upon your perspective) that 12 people hold the fate of the world financial market in their decisions.
Unemployment is looking okay, but inflation is non-existent and Industrial Utilization is still below "normal". Why should rates be raised?<p>For some reason people want a rate hike for the sake of a hike. I'm glad the Fed is being cautious.