Silver as an investment

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

zerohedge.com / by Tyler Durden / Sep 21, 2016 2:03 PM

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

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