Short Term Trading Member Forum

[jglider]

Makes no difference what I expect or think. The theme depends on the Fed following thru the bond markets expectation.. Does the glove fit? Maybe as bond traders are better than most. If the bond market is right then I'd expect it to be the case.

But here's the rub. Already some Fed members are saying they should back off. These guys are as good at reading inflation and business cycles as are the permas and the internet economists.. My grandfather said and I'll repeat the same with my 50+ years of trading, "From my experience the Fed is reactionary not proactive 90% of the time".

I laugh when people get excited about a little rate increase. Money has been cheap for over 20 years, now they whine.

What about those that depend on their savings? They're not part of the economy? Don't they deserve a raise? Everyone else has their hand out more so with the slackers.

Most banks have not budged on their interest savings or CD rates since the recent round of increases.. Part of the reason is there's little competition for money. Some regional online banks do better as many have targeted investors and businesses.

See the market is whipsawing as expected late last week.