Terry Sacka: Fed rate hike could be pulling the pin on the economy

“What they did was merely saving face and giving them the ability to lower that rate real soon with what is coming.”

Terry Sacka of Cornerstone Asset Metals called it as he sees it in a TruNews interview on Wednesday, December 16th.

“The last time the Fed raised rates, the debt to GDP was 61%; now it’s 104%.  Housing starts were 2.5 million and booming; now they’re barely 1 million.  We’re not doing even remotely okay to have rates go up but

Fed raises rates, cites ongoing U.S. economic recovery

U.S. central bank raised the interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent

The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.