1 hour till the Federal Reserve Emergency Meeting

[Bitcoinpro]

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

[Sarahiko]

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%

[AgentofCoin]

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%

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.

[spazzdla]

The fed is taking the rate from .25% to 0%.

BUY THE DIP

[Denker]

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

What? Where did you have that idea from? Any sources?
And where can I bet how much the interest rates will be raised?
Or is it just talk between brokers?
I don't believe the Fed will increase the rates to 1 %. Debts will climb even faster and the states' bankcruptcy as well.
I mean in the end it doesn't matter what they do.They are trapped and there is no way out.

[Enjorlas]

Negative interest rates.

[markj113]

maybe a token 0.25% rise in the short term.

NIRP in the medium to long term.

[Meuh6879]

Negative interest rates.

[bonipper]

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

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.

[AgentofCoin]

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

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.

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.

[bonipper]

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

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.

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?

[AgentofCoin]

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'm not fully informed on what they can or can't do (especially in a national emergency situation),
but I don't think they can have any secret meetings ever. That would be a violation of the Open Public Records Act.

Then again, it may be that they aren't held to the Open Public Records Act since it isn't really a government body.
So, in that event, if they did have secret meetings, it would probably lead to more uncertainty then what they currently do.

[odolvlobo]

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%

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.

[jaberwock]

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%

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.

I doubt, people that invest heavy in BTC are not the same that invest in bonds, at least at this point.

Dollar will strength for a while, so people that don't receive in dollar will see their BTC more valued, for some time

[Moneyburner]

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

[Carlton Banks]

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.

[Moneyburner]

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.

This is what I'm pretty much expecting and have pulled a lot of my investments out in fear of this. (And yes trying to time the market but sue me)

[AgentofCoin]

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%

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.

I disagree. Higher Interest Rates will cause money to be pulled out of stocks and then moved into bonds and bitcoin.
The people who "invested" in bitcoin, didn't do so for the short term return, but as a long term hedge against future financial problems.

If Interest Rates go up, people will dump their stocks,
which will cause a fast crash (average people will lose at least 25% of their 401K (stock bag holders)),
which will cause a rise in bitcoin speculation, since it is basically a hedge.

Atleast this is my reasoning to my original statement.

[lolgato]

I'm actually very wary wary about this who knows the unexpected might happen.

[mirana12345]

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.

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 ?