Fed Chickens Out: 3 Presidents Dissent As Fed “Decides To Wait For Further Evidence” Of Strengthening Before Hiking

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Gold, Precious Metals

With rate hike odds tumbling post-J-Hole thanks to Brainard (but up to 24% today), macro data deteriorating, European banks tumbling, and China money markets turmoiling, expectations were low for a ‘surprise’ rate hike today. And sure enough, they didn’t…
*FED: DECIDED TO WAIT ‘FOR THE TIME BEING’ FOR MORE EVIDENCE *FED SAYS GEORGE, MESTER, ROSENGREN DISSENTED IN FAVOR OF HIKE (most dissents sine Sept 2014) No addition of “Risks are balanced” language and cuts the long-run growth rate for the US economy below 2% for the first time ever.
Pre-Fed: Dec 59.1%, S&P Futs 2134, 10Y 1.695%, Gold $1327

This post was published at Zero Hedge on Sep 21, 2016.