The Fed has to choose between the short term survival of banks or the long term preservation of American citizen's wealth.
No way they're raising rates...
Discussion
I find it very hard to anticipate what they will be doing because it’s not obvious what their goal is, which timeline it has and how they want to achieve it.
Just reread what i wrote. Major error... I missed a comma...
No way, they're raising rates...
is what I meant to say
US government does not care about the wellbeing of the American people insofar as it meets their own needs of control.
They'll gladly sacrifice the long term wealth of the American people over the short term viability of banks. This plays into their hands - consolidation of the bankingnindustry at the top makes it far easier to control via regulations.
Anyways... +25BPS as it turns out. It's pretty much what analyst's expected.