Gold price, page-399

"Fed to hold rates tomorrow with a dovish slant." We can but hope, binw.


"Still, the futures market is indicating that if the Fed doesn't move to outright NIRP, the chances for an aggressive rate-hiking policy ahead, as indicated after the December rate rise, are nil." (Source: http://www.cnbc.com/2016/02/09/from-zirp-to-nirp-whats-the-feds-next-move.html)

Most would expect that point to be seriously acknowledged in every rational well-considered politic-free Fed decision-making process.

But with JY, who can tell? Rate rise in Dec15, then the lady did say just a bit too much about ZIRP and NIRP a couple of months later.

US largest 4 bankers would throw up their hands in despair if she does raise rates tomorrow because that would indeed be bad news for them.

"Finally, in a problem that would be especially acute in the U.S., negative rates could send a jolt through the $2.75 trillion money market space and, some fear, lead to a "break the buck" scenario that occurred during the financial crisis when one large money market fund couldn't return par on its investments." (Same source as above quote.)
R.