This week’s Sentiment Survey special question asked AAII members (many of whom are either near or in retirement) what they thought about the Federal Open Market Committee’s decision to keep interest rates unchanged. Nearly half of all respondents (46%) disagreed, and thought interest rates should have been increased. Slightly more than 26% agreed with the Fed, citing sluggish U.S. or global economic growth.
Here is a sampling of the responses:
“The Fed should have raised rates. It is long overdue.”
“A poor decision. It’s time to raise rates.”
“It is better to hold off raising rates due to global economic weakness, particularly in China.”
“I think they have put themselves in a box with few alternatives.”
“Dumb. Really screwing savers.”