If not tomorrow, when?
By how much?
Here's a link to the Fed's announcement: https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
There are some rumors that they already got together this weekend to make their decisions and that Monday will just be used for Theater.
If they want to kill inflation they’ll need to go big like Volcker did in the early 80s. It’ll be 2 years of hell for the economy, but it’s the only thing that will kill inflation. In the end the rest of the 80s rebounded quickly after adapting to the new reality.
It didn’t hurt that we also had the Reagan tax breaks and reduction in regulations.
Go big or go home.
Would be nice if they actually understood what they put in their headlines.
Per the source document: Dated: 02/10/2022
So GWP is wrong when they said that it was announced over the weekend. Plus, this is a Board of Governors meeting, not a meeting of the Open Market Committee that sets monetary policy.
Rut roh
Bkmk.
“Recession already started? How about the Fed stops quantitative easing FIRST & stops buying bonds before it considers hiking rates. The inflation mostly is from regulatory changes & supply chain problems along with fiscal stimulus. Some people think we need a recession to kill demand for labor to drive down wages, but a recession now would mean $2 trillion deficits & would not make inflation go away, because of course, the Fed would have to ease again if the real estate market & stock market crashed..Stalinist Covid19 shutdowns that caused business failures & bankrupcies & broke landlords unable to fix, repair, raise rents….means tight money is not the answer at all. Let the shutdowns be lifted & the suppy chains fixed and the economy will grow out of the inflation, like it did under Trump. A lot of fiscal stimulus & supply shortages drove up prices. Biden scrapped Trump’s arms deal with Saudi Arabia first week in office, making them an enemy. Iran is not helping us by juicing oil supply. The Fed was in new territory, dealing with artificial shutdowns causing layoffs. They chose to make sure economic panic did not set in with the Covid19 panic, causing housing & stock market crashes like from 2008-2011. We do NOT need that. Austrian school hawks always are wrong. They think recessions are not as bad as inflation, but the 1981, 1990, 2001 & 2008 & 201o recessions have led to a Leftist takeover, as Marxists convince more & more voters that capitalism is unstable, does not work, is not fair & equitable & hurts lower wage blue collar workers most. People who just climbed to their feet & recovered from the 2001 & 2008 & 2010 recessions will have low seniority again & will get knocked off their feet again——and then they will look to GOVERNMENT to keep them from being homeless & starving to death. “—- —-( a friend’s opinion)
The market has already priced in 4 rate increases.
Land of the free, home of the closed door meetings to decide your financial future. How did it come to this and why do Americans of ANY stripe put up with this.
No. If I'm reading the announcement correctly it's a closed meeting of the Board of Governors. They don't raise interest rates, the Fed Open Market Committee does. They aren't scheduled to meet again till March.
The Woke Socialist blitzkrieg against fossil fuels is the reason for our current wave of inflation.
Higher prices for everything were guaranteed the moment that Biden killed Keystone, a theatrical move with real world consequence.
“They” knew it would happen. This is by design.
BREAKING: The FED Announces Closed Meeting Bring Magic Eight Ball.