Another day another dove, this is how pathetic they have become, do you know whats going to happen in 2016? Nothing, they aren't raising rates today or tomorrow, they aren't raising rates at all, there is such an addiction to zero interest rates that raising them just 1/2 of a percent would cause a collapse on wall street, the fed has lost every bit of credibility they have had, which wasn't much to begin with, but now with every fed member playing a damn guessing game on when rates are going higher means they aren't going anywhere anytime soon...this is a joke filled with lies, anyone believing what they say is the real fool, I can almost guarantee that they will be doing QE 4 before rates get back to 2%, if the economy can barely grow with rates at 0%, do you really think it can function at a 1% fed funds rate, the answer is NOOOO, this is how pathetic this economy is even after the trillions the fed spent to prop it up. All it did was feed wall street and the elite, oh and create the next asset bubble thats bigger than the dot com and housing bubble combined, but no worries, it should be a wonderful site to see how the fed gets out of the next crisis, cant wait to see what magic they pull out of their hat this time...
Fed's Evans: Not appropriate to raise rates until early 2016 based on Q1 data
Jacob Pramuk | @jacobpramuk
3 Hours AgoCNBC.com
Hiking the federal funds rate does not seem appropriate until next year in the wake of weak first-quarter economic data, a top Federal Reserve official said Monday.
First-quarter struggles for the U.S. economy make monetary policy tightening more feasible sometime in early 2016, said Charles Evans, president of the Federal Reserve Bank of Chicago, in prepared remarks in Columbus, Indiana on Monday.
Read MoreWall Street getting bitter dose of economic reality
The Commerce Department said last Wednesday that the U.S. economy expanded at a 0.2 percent annual rate.
David A. Grogan | CNBC
Charles Evans
First-quarter weakness looked "transitory," he said, echoing the sentiment in the Federal Open Market Committee's most recent statement.
Evans is a voting member of the Fed's policy making committee.
Fed's Evans: Not appropriate to raise rates until early 2016 based on Q1 data
Jacob Pramuk | @jacobpramuk
3 Hours AgoCNBC.com
Hiking the federal funds rate does not seem appropriate until next year in the wake of weak first-quarter economic data, a top Federal Reserve official said Monday.
First-quarter struggles for the U.S. economy make monetary policy tightening more feasible sometime in early 2016, said Charles Evans, president of the Federal Reserve Bank of Chicago, in prepared remarks in Columbus, Indiana on Monday.
Read MoreWall Street getting bitter dose of economic reality
The Commerce Department said last Wednesday that the U.S. economy expanded at a 0.2 percent annual rate.
David A. Grogan | CNBC
Charles Evans
First-quarter weakness looked "transitory," he said, echoing the sentiment in the Federal Open Market Committee's most recent statement.
Evans is a voting member of the Fed's policy making committee.
