(uh-oh..)
BREAKING: The FED Announces Closed Meeting to be Held Monday Morning Under Expedited Procedures
My hope is that the FED meeting is to announce that they ran out of ink at the printing press.
My portfolio has some exposure to inflation but I haven’t worried about interest for thirteen years. Credit is just the modern manifestation of slavery and I prefer to be a free man.
mark
Rumor is out that they already met over the weekend and Monday is just theater.
I’m expecting them to announce an immediate hike - only question is will it be a quarter point or a half.
(Personally I think they should just get the pain over with and do a full 3 points, but I know that isn’t going to happen)