Bitcoin Forum

Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy

I don't think they will increase interest 1% but we may see maximum 0.50% increment or increase to total 0.50%

Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy

Negative interest rates.

Notice of a Meeting under Expedited Procedures

On Monday, November 23, 2015 at 11:30 AM, a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.

Meeting Date: Monday, November 23, 2015

Matter(s) Considered
1.   Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.   9(A)(i)
Effective November 23, 2015, the meeting was closed to public observation by Order of the Board of Governors 1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.

Does this announcement mean they decided to keep quiet about their intentions, and censored the minutes of the meeting? I don't know what "exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c))" relates to, but they say they closed the meeting to public observation because its subject is covered by that act.

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123exp.htm

This is the exception:

Releasing the minutes under the Sunshine Act...
(e) shall not apply to any information pertaining to such meeting otherwise required by this section to be disclosed to the public,
where the agency properly determines that such portion or portions of its meeting or the disclosure of such information is likely to—
(9) disclose information the premature disclosure of which would—
(A) in the case of an agency which regulates currencies, securities, commodities, or financial institutions, be likely to
(i) lead to significant financial speculation in currencies, securities, or commodities,

Which is reasonable. The minutes could create financial uncertainty that is not justified, in the very short term.
They may release the minutes next week though.

It might be reasonable but won't withholding the minutes create significant financial speculation in currencies, securities, and commodities anyway? The OP was speculating about it. Wouldn't it have been wiser to have kept the fact they were holding a meeting secret, or are they not allowed to do that?

I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.

Higher interest rates is not good for bitcoin. It will cause money to be pulled out of bitcoins and moved into bonds.

They will raise the rates, they have to raise the rates... The rates can't stay this low forever. Right? :-[

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

Higher interest rates is not good for bitcoin. It will cause money to be pulled out of bitcoins and moved into bonds.

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

So let that bubble pop already. I doubt anyone here will have a problem with it, i know i wont, but sadly they're smarter than
to let a thing like that happen. Or are they not ?

In times like these, it is better to have physical commodities in your hands, than owning a share or a digital reference to a share somewhere on a stock market. I would much rather trust myself than any other financial institution out there. ^hmf^

Wall Street is literally running on these rates. Even a quarter basis point rise could be enough to pop the bubble. They've painted themselves into a corner.

I don't think either or actually anything will happen. The market isn't even reacting.
But if they do raise rates, I think bitcoin will have a great holiday.

Serious question - is OP an idiot? Fed has been telegraphing for MONTHS that the rate increase will be .25% and any further increases will be measured and far apart.  Zero probability of .5% and negative probability LITERALLY LESS THAN ZERO that it would be 1%.

If OP is willing to escrow, I'd be happy to bet as many bitcoins as he has that December rate increase will NOT be 1%. OP game?

Odds are a 1 full point increase, which will spark the second asian currency crisis and most likely the collapse of China's economy

So essentially your saying this will f**k-up everybodys Black Friday.

This will make bitcoin's price go spiralling downward by tomorrow morning.
Well that ruins my Thanksgiving.

Serious question - is OP an idiot? Fed has been telegraphing for MONTHS that the rate increase will be .25% and any further increases will be measured and far apart.  Zero probability of .5% and negative probability LITERALLY LESS THAN ZERO that it would be 1%.

If OP is willing to escrow, I'd be happy to bet as many bitcoins as he has that December rate increase will NOT be 1%. OP game?

Doubt this

Doubt this

Does this announcement mean they decided to keep quiet about their intentions, and censored the minutes of the meeting? I don't know what "exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c))" relates to, but they say they closed the meeting to public observation because its subject is covered by that act.

http://www.federalreserve.gov/aboutthefed/boardmeetings/20151123exp.htm