Global growth fears set in after Fed holds off on rate hike

Discussion in 'Economics' started by Banjo, Sep 18, 2015.

  1. Banjo

    Banjo

    From Marketwatch:
    Volume is expected to be elevated on Friday due to “quadruple witching.
    Michael O’Rourke, chief market strategist at JonesTrading, said the Fed’s window for tightening has probably been shut now. He said the central bank is paralyzed by fear of deflationary effects from a strengthening dollar and a potential rollover of the global economy.

    “Anyone expecting asset-price gains to be driven by monetary policy is missing the fact that there is no monetary policy. The Federal Reserve is a spectator on the sidelines, and it just forfeited its opportunity to uphold the illusion that it is in this game.
    My take, they think they're pitching but they're batting.
     
    Tsing Tao likes this.
  2. Visaria

    Visaria

    Yeah, i can't see a rate hike this year...basically the economy (both the US and rest of the world) just can't take it.
     
  3. Banjo

    Banjo