Fed officials held off of a rate hike in September as many thought downside risks had increased, according to minutes of the meeting released Thursday. Officials decided it would be "prudent" to wait, even though many thought that the weaker growth outlook for China that emerged in August and the subsequent drop in stock prices around the world would "likely" have a small effect on the economy. Some voting members of the Fed policy committee said that these global developments did not increase their confidence that inflation would return to the central bank's 2% target. Fed officials were split, with some worried that hiking rates too soon would push inflation lower and others saying that delaying a hike for much longer would risk an undesirable buildup of inflation. In the end, the Fed voted 9 to 1 to hold rates steady.
This was obvious, as I have been saying for years now the fed isnt hiking rates anytime soon.... They want to keep the bubble inflated and the asset bubbles growing, remember its the only way to create growth in the US..
This also means Draghi will run QE in Europe for another year. One would expect this to pressure US long rates downward. Why does it seem so weird that the dividend yield on Walmart is higher than the 30 year treasury?
Eventually the counterfeiting has to stop... The market will eventually have its way... As the realization of the overvalued dollars get sold... If we don't successfully exporrt our inflation then reflexively have a global bust the comes back home... Which is most likely what's happening