"I anticipate further rate increases to reach a sufficiently restrictive level, then holding there for some, perhaps extended, time," echoed Boston Fed President Susan Collins at the conference.
Collins referred to inflation as "recalcitrant," a loaded million-dollar word that means uncooperative, or defiant to authority.
“price growth has moderated”
= still going up.
Gee, if only Congress would pass a $1.7 trillion dollar spending bill.
I know the sophisticated among us can trade and make money in any market, but I am, and have been, 99%out of the market. My portfolio has suffered, but no where near the average 30% drop. Trying to find productive places to park money is very hard right now.
How can it until we stop raising minimum wage and spending more than we make?
Fed hand tools are just making things worse. One used to actually be able to subsist and save a little before they acted up. Of course the whole inflation thing started on Biden’s day one when he began strangling energy.