Quote:
Originally Posted by jyl
Fed just raised RRP rates from zero to 0.05%.
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They said they were going to do that..and that is not taking your foot off the gas.
120b a month is the pedal as well as interest rates.
Raise rates and watch debt service explode. And who is going tobuy all those Treasuries every month if it isnt the FED as last resort. Interest rates would jump if the FED stopped. The FED has to be accomodative to keep interest rates low..They have no choice.
Add it up.