Big day

[fjlip]

Cautious Federal Reserve policymakers today held a key interest rate at near zero, opting to wait longer to remove the unprecedented easy-money stimulus to determine if recent global financial market volatility has slowed the U.S. economy. The move came amid high anticipation that policymakers would enact the first hike in nearly a decade in the so-called federal funds rate.

[wilagro]

The Americans are idiots not to raise the rate. Canada should be raising the PRIME by about 3% so that our seniors could get SOME return on their investments as well.

I remember when under Turdeau we got 19 3/4% on investments...those were the good old days. Inflation was rampant but one could double savings in no time at all.

Also when they do have to raise the rate it will shock a lot of new home buyers but the prices are way, way too high anyway.

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[wilagro]

The Americans are idiots not to raise the rate. Canada should be raising the PRIME by about 3% so that our seniors could get SOME return on their investments as well.

I remember when under Turdeau we got 19 3/4% on investments...those were the good old days. Inflation was rampant but one could double savings in no time at all.

Also when they do have to raise the rate it will shock a lot of new home buyers but the prices are way, way too high anyway.

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[wilagro]

I see the software bugs in this program are still with us.

[perfecho]

Well, governments lowered interest rates to get "equities" moving....and look where it got us...again, shows who is control.

[Braveheart]

Wilagro, if either countries raised rates it would be a mass murder for most farms. It would be a return to the dark times of the 1980s.

The only plus to the economy would be the increased hiring at banks as they would need a troop of "ax men".