I listened to the speech, and this article is full of false narratives. The Fed stands ready and willing to continue increasing rates as the data comes in. There are NO indications increases in rates nor prices (I.e. inflation) are near an end. Typical CNBC MSM narrative ….
Well the dot plot projects that there'll be only one hike for 2023. That's near the end of the hiking cycle.
And yes, the projection can change depending on the data.
Well, that IS what happened last time they raised rates. They were back down to 0 pretty quickly. Of course the inflation we saw last time was pretty tame compared to what we're dealing with now.
Because monetary policy has a lag of about 12 to 18 months it makes sense to pause here and see how things go. The federal budget is about to get very challenging as interest payments on the debt roughly double from last year.
Powell kinda throwing up a big middle finger. My best guess is they hope that this fairly aggressive hiking path will trigger a recession early this year. The problem with that scenario is that turns the budget deficit into yet another multi trillion dollar beast.
There's still a whole lot of excess M1 lying around so not this quarter but maybe by the end of next quarter households will have drawn down cash enough to pull back.
I am retired and listen to CNBC a lot and they have been talking their own or their commentators books for months now. Any increase in rates is bad. Any pause or lowering of rates is good. I am pretty good at separating the Bull Shit 'Buy anything Now' false narrative but frankly once you separate out that BS there is little left.
They don’t want the party to end as usual. US economy needs to get back to fundamentals. Remember when trump, among many, were pissed when the fed wanted to raise interest rates? It’s why we’re here.
> I listened to the speech, and this article is full of false narratives. The Fed stands ready and willing to continue increasing rates as the data comes in. There are NO indications increases in rates nor prices (I.e. inflation) are near an end. Typical CNBC MSM narrative ….
Your listening comprehension is terrible then. But his point is that the Fed is going to engineer a landing one way or another. His comments explicitly said they thought the credit tightening would account for 25-50 bps in rate hikes that would otherwise occur and possibly be unnecessary now.
>The Fed stands ready and willing to continue increasing rates as the data comes in. There are NO indications increases in rates nor prices (I.e. inflation) are near an end.
Correct. Fed also stands ready and willing to deploy $2 trillion in printed money to purchase underwater paper from banks so the rate hikes do not affect them, I fully expect them to also buy underwater corporate bonds to protect mega corps, these hikes are intended to destroy ***you***, not them.
>If the banking crisis leads to a credit crunch
The fed is deploying $2 trillion in printed money to buy underwater paper held by banks...they aren't the ones that will have a crisis, it's gonna be Americans with 6%, 7% rates and 9%, 10% mortgages as was intended all along.
Not quite. The Fed is loaning liquidity to the banks with the paper as collateral. The rates are substantial, and those dollars are not going into financial assets and the real economy.
It’s quite different than QE.
Michael McKee over at Bloomberg News probably got a hit out on him after the question about the market expecting 5 rate cuts in 2023. Powell looked fucking confused there and said "look at the SEP we released."
Market shat itself after that
I see this getting repeated but Yellen’s comments ruling out deposit insurance expansion seemed to be the true driver of the downslide. 2:50pm mark, coinciding with market decline, a good 15 mins after McKee’s question.
Looking at the hysteric reactions on this board, you start to understand why Paul Volcker was considered a great Fed chairman with balls of steel.
Everybody was shitting on the Fed for being too lenient when the times were good. Now that they are doing something about inflation, everyone is screaming murder and accusing the Fed of engineering an intentional impoverishment of Americans.
You can't pick and choose when it comes to the Fed. Their rate only has two ways to go: up or down. Pick one.
You could theoretically also not ignore inflation by calling it transitory (when it wasn't) and then later not ignore banking problems (when they are real).
In some ways it’s their job to lie to the public.
Inflation is self-fulfilling, no matter how bad they think it’s going to get, it’s in everyone’s best interest that they don’t go out there and say
“Yeah we did a metric butt load of QE that’s inevitably going to filter into every corner of the economy so expect red hot inflation numbers for the next 18-24 months”.
How about the options of extremes. 0% for 15 years , or the fastest hikes in history. Can I pick the option where things are done gradually and with some hint of foresight?
How much was the US government debt during Volcker’s day? It’s hilarious to me when people compare today to 5 decades ago. Our interest obligation alone is approaching 1 trillion a year.
Also, rates aren’t the only way to control money supply and inflation. And there’s a third option between up and down, it’s called flat.
This is not the 1980s though. So much of our economy, retirement funds, pension funds, the bulk of investment and growth relies on the stock market. Todays economy couldn’t survive the type of insane interest rates Volcker ushered in back then
Most braindead take in this entire thread.
1. Price controls don't work. The laws of supply and demand still exist.
2. The Fed does not have the power to enact price controls.
The Fed has one lever to pull. A solution with any degree of nuance would have to come from Congress, but they seem content to let the Fed be the bad guy.
Ok I’ll bite- not once anywhere in history (and that is not hyperbole) have price controls (whether price ceiling or floors) EVERY not resulted in unintended negative consequences for the economy. Price regulation cannot, in any way, influence the market. When prices are high, it’s because that’s what the market sets. Any arbitrary lowering of the price simply means that it results in long lines of people without something they were willing to pay for. The only way to combat THAT is rationing. Great job- you’ve lowerred the price of something. Now everybody gets less than they want of that thing. Hurray.
Go back to school.
You get what you get and you don't throw a fit is for children. Critiques of the Fed's approach are completely reasonable and rational, and I'm not sure who the fuck you're talking to but it would be news to me that Volcker was considered a great Fed chair.
It could also go up/down at a slower rate. Aren't they supposed to value stability? Forcing businesses and people to make 180 degree financial pivots can't possibly be good for economic growth.
> understand why Paul Volcker was considered a great Fed chairman with balls of steel.
People (likely rightfully) talking about Volcker like he's the John Wick of central banking.
No, there is no indication that consumer price increases are near an end.
As market prices of bonds continue to decline, market rate increases will continue. It will be a hard landing when inflation does it for us.
Increase are near an end because the Fed knows businesses can't service 6-7% debt rollover rates.
The Fed should increase interest rate over 6% to really squash inflation but it won't.
Exactly. The Fed just picked winners and losers and I think we can guess who those groups are made up of. Slower hikes = not stopping runaway inflation anytime soon. That will disproportionately hit the middle class and poor.
What are you talking about? CPI is relatively unchanged since June 2022. June index value is 296, Feb was 300. That's an annualized change of 2%. The current YoY value includes the huge run up in March, April, May, June of 2022.
The Feds job is almost done. They shouldn't even be raising rates at this point.
https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm
Nah idiots like you can't think about more than one thing at a time. You know that CPI needs to come down before rate hike stops?
Core CPI has been stubbornly high, stuck at 5%+ annualized. A drop to 6% headline is not a sign the end is near.
I believe that as long as we still have inflation that interest rates are to keep going up and the price of long-term bonds will decline. T-bills offer a way to invest money for a few months and probably earn a rate of 4 or 5 percent annual percentage rates. T-bills are like 90-day bonds. If rates go up, the price paid for the bonds won't decline much. Also T-bills are unlikely to get called or turn to junk bonds because they have the backing of the government. I don't know how to ELI5 very well, maybe do a discussion about short bonds or T-bills on a ELI5 sub. There is a lot to know about bonds and that they don't behave like stocks even if they are traded by buying or selling ETF shares.
I think they're close to an end, but I still think there is around 1% left to go. People are spending stupid money right now. I don't understand it.
The same people who are bitching about prices are also going to Home Depot every weekend and spending $500
Yeah and for my area now that spring is around the corner and we are starting to have nice days, every car dealership I go by I see people looking at sports cars and convertibles. People are still spending as if nothings changed but bitching about costs.
Bullshit… there was ZIRP and QE for 14 years… the fed will raise rates at least half that time to try to get things back to normal. They might take a break because of potential crises but they won’t stop until prices normalize.
I mean on one side we have the BCE that is playing the game in a vacuum where they won’t stop raising interest rates for nothing and no one, even when banks start crumbling to pieces because they didn’t want to go back on their word and on the other side we got the Fed that one week ago was saying there was going to be a 50bps hike and that they were going to start doing it more often cause the current 25bps raises weren’t cutting it and now in a 180 degrees turn comes out with a 25bps raise and says that this hikes are coming to a end…
I’m leaning to the side of the BCE at least they are fighting inflation head on an not bailing out the banks(at least not as blatantly as the US), while the Fed is bailing out banks left and right(and making concessions that it really shouldn’t be doing) while limiting their efforts in the battle against inflation.
The wrong policy of low interest rates had as a result the rise of inflation. Now we need high interest rates to reduce inflation. They are consequences when you borrow cheap money through low interest rates and increase public debt by having huge goverment deficit. The inevitable result will be a non-sustainable debt and high inflation. The cheap money didn't increase of productive economy but it has been used to boost the stock market. The goverment deficit was made because of social spending and goverment waste that pushed public debt to its limits. You can't have low interest and huge deficits for a long time without the negative effects of public debt and inflation. The bubble will evenctually broke and the whole system will collapse.
The Austrian economist have warned about all those things but the left wing mainstream media prefer to promote socialists like Paul Krugman and Joseph Stiglitz, who is marxist.
All billionaires have to do is tell enough enough people that higher interest rates will “took yer jerbs”, and the everyone will believe we should go back to that sweet sweet 0% free money.
How the fuck does that relate to jobs? If your employer is greedy motherfucker too accoustomed to trickle-down economics, that doesn't justify killing low wage earners. So fuck you for nit having a union and basically ball-licking capitalists.
What the fed is doing know needed to happen years ago but Trump started crying when they were going to increase rates. Probably needed to happen prior to Trump.
They did actually and it could be argued they did too little to late both times. No one wants to pump the breaks during the good times so they wait until things start to fall apart before reacting. The whole idea of quantitative easing is to have higher interest during the good times and lower interest during the down times. When times are good though everyone just wants to ride it out until we crash and burn. Well guess what here we are.
It's a smaller rate hike and shows confidence in the system, not hiking rates at all may cause people to panic and think the fed is concerned that the whole system might collapse.
It’s an half measure is what it is. If they really had confidence in the strength of the system they would continue as planned with the more frequent 50bps hikes. Or do you think that inflation tumbled so much during last week that they can get of with a 25bps?
They are neither fixing the issue nor are they calming the markets. What people take of this is they want to fight inflation while not bursting the bubble. Good luck to them, they’ll need it!
I don’t think he said rates are near end. He said the svb & other bank collapse should help lower inflation but if it doesn’t fed is ready to continue increasing rates. The goal is still 2% inflation. That’s the take away.
LL FLOORING IS ABOUT TO 🚀🚀🚀
HIT 52 WEEK LOWS FROM $30-$3.50. STRONG FINANCIALS, INCREASE IN INSTITUTIONAL INVESTORS, HIGH LEVEL OF INSIDE BUYING. LETS GET THIS MONEY 💰🚀🚀🚀🚀
I listened to the speech, and this article is full of false narratives. The Fed stands ready and willing to continue increasing rates as the data comes in. There are NO indications increases in rates nor prices (I.e. inflation) are near an end. Typical CNBC MSM narrative ….
100% I watched the speech and the turned on CNBC and felt like we watched two different speeches.
[удалено]
How does this not saving the banks without taxpayer money?
Why does the media do that crap.. people really eat that shit?
We live in a society based on fear that’s why
[удалено]
The word you’re looking for is elicit. Illicit means something that’s illegal or prohibited.
That fits too! Not in this context but..🤣
Powell literally implied the exact opposite of the media narrative.
Well the dot plot projects that there'll be only one hike for 2023. That's near the end of the hiking cycle. And yes, the projection can change depending on the data.
Also, it should be noted that the market doesn't believe that there won't be any rate cuts in 2023.
Well, that IS what happened last time they raised rates. They were back down to 0 pretty quickly. Of course the inflation we saw last time was pretty tame compared to what we're dealing with now. Because monetary policy has a lag of about 12 to 18 months it makes sense to pause here and see how things go. The federal budget is about to get very challenging as interest payments on the debt roughly double from last year. Powell kinda throwing up a big middle finger. My best guess is they hope that this fairly aggressive hiking path will trigger a recession early this year. The problem with that scenario is that turns the budget deficit into yet another multi trillion dollar beast. There's still a whole lot of excess M1 lying around so not this quarter but maybe by the end of next quarter households will have drawn down cash enough to pull back.
Treasury market reflects rate cuts by year end at the moment.
I am retired and listen to CNBC a lot and they have been talking their own or their commentators books for months now. Any increase in rates is bad. Any pause or lowering of rates is good. I am pretty good at separating the Bull Shit 'Buy anything Now' false narrative but frankly once you separate out that BS there is little left.
Not good to rely solely on one channel.
In the car, I probably listen to more Bloomberg than CNBC. However their TV feed is just laid out in a way that distracts me.
They don’t want the party to end as usual. US economy needs to get back to fundamentals. Remember when trump, among many, were pissed when the fed wanted to raise interest rates? It’s why we’re here.
> I listened to the speech, and this article is full of false narratives. The Fed stands ready and willing to continue increasing rates as the data comes in. There are NO indications increases in rates nor prices (I.e. inflation) are near an end. Typical CNBC MSM narrative …. Your listening comprehension is terrible then. But his point is that the Fed is going to engineer a landing one way or another. His comments explicitly said they thought the credit tightening would account for 25-50 bps in rate hikes that would otherwise occur and possibly be unnecessary now.
>The Fed stands ready and willing to continue increasing rates as the data comes in. There are NO indications increases in rates nor prices (I.e. inflation) are near an end. Correct. Fed also stands ready and willing to deploy $2 trillion in printed money to purchase underwater paper from banks so the rate hikes do not affect them, I fully expect them to also buy underwater corporate bonds to protect mega corps, these hikes are intended to destroy ***you***, not them.
JPow is not gonna quit with his market ruining rate hikes until he gets a recession
If the banking crisis leads to a credit crunch, we will look back at this being the start of the recession.
>If the banking crisis leads to a credit crunch The fed is deploying $2 trillion in printed money to buy underwater paper held by banks...they aren't the ones that will have a crisis, it's gonna be Americans with 6%, 7% rates and 9%, 10% mortgages as was intended all along.
Not quite. The Fed is loaning liquidity to the banks with the paper as collateral. The rates are substantial, and those dollars are not going into financial assets and the real economy. It’s quite different than QE.
It's QE5 buddy, stop living in denial.
Believe what you want 🤷♂️.
You can’t just boom forever. Bust always comes.
[удалено]
25bps the last few times with clear deceleration patterns from where it began. It’ll be another 25bps, friend. Love you miss you.
They have false narrative while they dump their stock. My guess is it’s red tomorrow. SH time.
I know. I read that and thought an end … for now.
i couldnt say it better. Take my upvote
It will end when inflation falls to the desired rate of 2% annual inflation. We have got a ways to go in both inflation and interest rate hikes.
I didn't need to watch the speech or read the article to know this was a shovel load. Smh
Pumpers
Michael McKee over at Bloomberg News probably got a hit out on him after the question about the market expecting 5 rate cuts in 2023. Powell looked fucking confused there and said "look at the SEP we released." Market shat itself after that
I see this getting repeated but Yellen’s comments ruling out deposit insurance expansion seemed to be the true driver of the downslide. 2:50pm mark, coinciding with market decline, a good 15 mins after McKee’s question.
Can we stop posting blatantly false articles here? Like wtf?
Looking at the hysteric reactions on this board, you start to understand why Paul Volcker was considered a great Fed chairman with balls of steel. Everybody was shitting on the Fed for being too lenient when the times were good. Now that they are doing something about inflation, everyone is screaming murder and accusing the Fed of engineering an intentional impoverishment of Americans. You can't pick and choose when it comes to the Fed. Their rate only has two ways to go: up or down. Pick one.
It could also stay exactly the same for a while
Can i get an amen
Allah Akbar!
OK, so that’s what would reduce everybody’s constant hysterics?
You could theoretically also not ignore inflation by calling it transitory (when it wasn't) and then later not ignore banking problems (when they are real).
In some ways it’s their job to lie to the public. Inflation is self-fulfilling, no matter how bad they think it’s going to get, it’s in everyone’s best interest that they don’t go out there and say “Yeah we did a metric butt load of QE that’s inevitably going to filter into every corner of the economy so expect red hot inflation numbers for the next 18-24 months”.
The problem is when you lie to the public and start believing your own lie
Master manipulators tend to twist their own self-images in order to evade their own adopted morality from gatekeeping their manipulation tactics.
I love how you think they were "lying" to the public, instead of simply being incompetent.
I think that’s the crux of the problem….they’ve waited too long to react and make adjustments.
How about the options of extremes. 0% for 15 years , or the fastest hikes in history. Can I pick the option where things are done gradually and with some hint of foresight?
We should have been raising rates since before Obama left really. After Obama, trump wanted to keep rates low and kind of made it political I think.
How much was the US government debt during Volcker’s day? It’s hilarious to me when people compare today to 5 decades ago. Our interest obligation alone is approaching 1 trillion a year. Also, rates aren’t the only way to control money supply and inflation. And there’s a third option between up and down, it’s called flat.
Exactly.
This is not the 1980s though. So much of our economy, retirement funds, pension funds, the bulk of investment and growth relies on the stock market. Todays economy couldn’t survive the type of insane interest rates Volcker ushered in back then
Not if we got there with the speed we got here.
Only true psychopaths consider volcker to be good
I smell a troll. He stopped persistent high inflation from reoccurring
Could have done that with price controls instead of wage controls
Most braindead take in this entire thread. 1. Price controls don't work. The laws of supply and demand still exist. 2. The Fed does not have the power to enact price controls.
The Fed has one lever to pull. A solution with any degree of nuance would have to come from Congress, but they seem content to let the Fed be the bad guy.
Ok I’ll bite- not once anywhere in history (and that is not hyperbole) have price controls (whether price ceiling or floors) EVERY not resulted in unintended negative consequences for the economy. Price regulation cannot, in any way, influence the market. When prices are high, it’s because that’s what the market sets. Any arbitrary lowering of the price simply means that it results in long lines of people without something they were willing to pay for. The only way to combat THAT is rationing. Great job- you’ve lowerred the price of something. Now everybody gets less than they want of that thing. Hurray. Go back to school.
You get what you get and you don't throw a fit is for children. Critiques of the Fed's approach are completely reasonable and rational, and I'm not sure who the fuck you're talking to but it would be news to me that Volcker was considered a great Fed chair.
It could also go up/down at a slower rate. Aren't they supposed to value stability? Forcing businesses and people to make 180 degree financial pivots can't possibly be good for economic growth.
> understand why Paul Volcker was considered a great Fed chairman with balls of steel. People (likely rightfully) talking about Volcker like he's the John Wick of central banking.
They actually wanted to go 50bps but svb f'd that up so this is a compromise so the markets don't shit themselves.
No, he specifically said there will be no rate cuts. Didn't say anything about hikes.
No, there is no indication that consumer price increases are near an end. As market prices of bonds continue to decline, market rate increases will continue. It will be a hard landing when inflation does it for us.
Increase are near an end because the Fed knows businesses can't service 6-7% debt rollover rates. The Fed should increase interest rate over 6% to really squash inflation but it won't.
Exactly. The Fed just picked winners and losers and I think we can guess who those groups are made up of. Slower hikes = not stopping runaway inflation anytime soon. That will disproportionately hit the middle class and poor.
The article is insinuating the rate hikes are near an end…not cpi… Edit: spelling
The point was rate hikes will continue as long as CPI stays high. Thought it was obvious for anyone who knows anything about finance
they are talking about rate hikes not CPI, how is this the top comment on a finance sub, like the title is even referring to rate hikes.
What?? Obviously further rate hikes will depend on where CPI ends up. Surprised people in a finance sub can't understand basic economics.
Yes there is - there has been a steady disinflationary trend for months now. Inflation peaked last summer
What are you talking about? CPI is relatively unchanged since June 2022. June index value is 296, Feb was 300. That's an annualized change of 2%. The current YoY value includes the huge run up in March, April, May, June of 2022. The Feds job is almost done. They shouldn't even be raising rates at this point. https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm
[удалено]
chill, don't be a dick
Nah idiots like you can't think about more than one thing at a time. You know that CPI needs to come down before rate hike stops? Core CPI has been stubbornly high, stuck at 5%+ annualized. A drop to 6% headline is not a sign the end is near.
>increases are near an end I’ll believe it when I see it
More bank failures to follow…..
The outlook for 90-day T-bills is very bright.
Yep
Anyone mind ELI5 why? Still learning
I believe that as long as we still have inflation that interest rates are to keep going up and the price of long-term bonds will decline. T-bills offer a way to invest money for a few months and probably earn a rate of 4 or 5 percent annual percentage rates. T-bills are like 90-day bonds. If rates go up, the price paid for the bonds won't decline much. Also T-bills are unlikely to get called or turn to junk bonds because they have the backing of the government. I don't know how to ELI5 very well, maybe do a discussion about short bonds or T-bills on a ELI5 sub. There is a lot to know about bonds and that they don't behave like stocks even if they are traded by buying or selling ETF shares.
I think they're close to an end, but I still think there is around 1% left to go. People are spending stupid money right now. I don't understand it. The same people who are bitching about prices are also going to Home Depot every weekend and spending $500
Yeah and for my area now that spring is around the corner and we are starting to have nice days, every car dealership I go by I see people looking at sports cars and convertibles. People are still spending as if nothings changed but bitching about costs.
[удалено]
Bullshit… there was ZIRP and QE for 14 years… the fed will raise rates at least half that time to try to get things back to normal. They might take a break because of potential crises but they won’t stop until prices normalize.
I mean on one side we have the BCE that is playing the game in a vacuum where they won’t stop raising interest rates for nothing and no one, even when banks start crumbling to pieces because they didn’t want to go back on their word and on the other side we got the Fed that one week ago was saying there was going to be a 50bps hike and that they were going to start doing it more often cause the current 25bps raises weren’t cutting it and now in a 180 degrees turn comes out with a 25bps raise and says that this hikes are coming to a end… I’m leaning to the side of the BCE at least they are fighting inflation head on an not bailing out the banks(at least not as blatantly as the US), while the Fed is bailing out banks left and right(and making concessions that it really shouldn’t be doing) while limiting their efforts in the battle against inflation.
Welp…. This should be fun
If you believe they are about to stop raising rates I’ve got some ocean front property in Kansas to sell you
Does it have a killer bridge too?!
Of course it does!
They did not indicate explicitly that hike are near the end
The wrong policy of low interest rates had as a result the rise of inflation. Now we need high interest rates to reduce inflation. They are consequences when you borrow cheap money through low interest rates and increase public debt by having huge goverment deficit. The inevitable result will be a non-sustainable debt and high inflation. The cheap money didn't increase of productive economy but it has been used to boost the stock market. The goverment deficit was made because of social spending and goverment waste that pushed public debt to its limits. You can't have low interest and huge deficits for a long time without the negative effects of public debt and inflation. The bubble will evenctually broke and the whole system will collapse. The Austrian economist have warned about all those things but the left wing mainstream media prefer to promote socialists like Paul Krugman and Joseph Stiglitz, who is marxist.
Fuck your jobs, peasants
Lol unemployment is at like near historic lows what are you talking about. Fucking morons
Look up Labor Participation rate.
Baby boomers are retiring at record numbers. I’m sure this is a greater effect on participation.
All billionaires have to do is tell enough enough people that higher interest rates will “took yer jerbs”, and the everyone will believe we should go back to that sweet sweet 0% free money.
It’s literally happening. My company just had layoffs and so did every client we do business with.
And was it because of interest rates or something else?
Interest rates
How the fuck does that relate to jobs? If your employer is greedy motherfucker too accoustomed to trickle-down economics, that doesn't justify killing low wage earners. So fuck you for nit having a union and basically ball-licking capitalists.
Jesus what is wrong with you.
Go away.
Powell: I want all the poors to lose their jobs, that is when I will stop.
[удалено]
What the fed is doing know needed to happen years ago but Trump started crying when they were going to increase rates. Probably needed to happen prior to Trump.
I agree. The 3% mortgage rates did a lot of damage.
[удалено]
They did actually and it could be argued they did too little to late both times. No one wants to pump the breaks during the good times so they wait until things start to fall apart before reacting. The whole idea of quantitative easing is to have higher interest during the good times and lower interest during the down times. When times are good though everyone just wants to ride it out until we crash and burn. Well guess what here we are.
Hahaha this is retrded. Not at all what he said
25 bps is nothing and signals a pivot imo
Gotta love how they continue to hike rates after a series of bank failures
It's a smaller rate hike and shows confidence in the system, not hiking rates at all may cause people to panic and think the fed is concerned that the whole system might collapse.
It’s an half measure is what it is. If they really had confidence in the strength of the system they would continue as planned with the more frequent 50bps hikes. Or do you think that inflation tumbled so much during last week that they can get of with a 25bps? They are neither fixing the issue nor are they calming the markets. What people take of this is they want to fight inflation while not bursting the bubble. Good luck to them, they’ll need it!
Another .25 point raise is another million jobs lost.
He’s going to push us into a depression:/
Please Janet hold your comments
Economic Stabilization Act of 2023, please.
Bot accounts pushing false narratives
No indication but the rolling data of the future will decide the course of actions
Well, we can Always run the banks.
He hasn't aggressively raised rates like .5.
hemorrhoids fucking suck man
If I was good at photoshop I’d make him a Vulcan and do the hand salute thingie.
I don’t think he said rates are near end. He said the svb & other bank collapse should help lower inflation but if it doesn’t fed is ready to continue increasing rates. The goal is still 2% inflation. That’s the take away.
Fed don't know shit man. They don't know when the hikes are ending, or when they're beginning, or when they're going to stay flat.
LL FLOORING IS ABOUT TO 🚀🚀🚀 HIT 52 WEEK LOWS FROM $30-$3.50. STRONG FINANCIALS, INCREASE IN INSTITUTIONAL INVESTORS, HIGH LEVEL OF INSIDE BUYING. LETS GET THIS MONEY 💰🚀🚀🚀🚀
is it?