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Who are ya gonna believe?

Along with everybody else, I was eagerly awaiting the results of the Fed's meeting. Naturally, I would have been surprised to hear an announcement of any sort of rate increase, but was curious about how the language might differ from previous reports.

Probably the two biggest points to come from the meeting, as that A) mention of any improvement in housing was deleted (after some less than stellar numbers released lately, and B) the decision to keep rates extremely low for an extended period of time was NOT unanimous, this time around.

On the one hand, folks keep saying that things are improving, which would mean that a small rate hike should NOT cause any problems, but the Fed doesn't seem to be seeing thing that way, as witnessed by their actions, and language. BOTH sides can't be correct!

I now eagerly await to hear the State of the Union speech.

Disclosure: No positions