[Browns Ultra Fan]

Powell chickened-out and reduced to raise rates, claiming that due to international pressures of low rates here can't do anything. So inflation is officially a runaway train.

[Gay State Conservative]

I'd wager the clothes on my back that I will eventually decide that “The Big Guy”...or,more accurately,The Big Guy's puppet masters...is/are the worst President of my lifetime. And that's quite an achievement after The Peanut Farmer and Osama Obama.

[Brian Griffin]

I suspect people that manage money quite often don’t buy their own groceries.

[MeneMeneTekelUpharsin]

So inflation is officially a runaway train.

So, that's what is coming per what the Fed decided not to do yesterday?

[Drago]

BoE (UK) just bumped up rates this AM...only 15 bps tho, to .25%. Big whup! Better than nothing like The Fed tho..

https://www.fxstreet.com/news/breaking-bank-of-england-hikes-interest-rates-by-15bps-to-025-202112161200

[CurlyDave]

The only things that can be done on an individual level are:

1. Increase savings rate, invest in stocks and hard assets, not bonds or bank deposits.

2. Increase borrowing, spending the money on hard assets like real estate. Do not borrow at ruinously high credit card rates, borrow at mortgage rates (~ 3%).

3. While high end real estate has some appeal, rental properties will allow rents to be raised with inflation.

[T Ruth]

Or it could be that no one REALLY believes that Central Banks will ever cut interest rates, despite surging inflation.

Perhaps the author meant to say:

Or it could be that no one REALLY believes that Central Banks will ever cut raise interest rates, despite surging inflation.

If long-term rates went up to say, 5%, then interest on the massive federal debt would be $1.5 trillion per year. Total federal receipts during 2020 were $3.4 trillion.

[sergeantdave]

Treasury I-bonds are paying 7.12%.

The composite rate for I bonds issued from November 2021 through April 2022 is 7.12 percent. This rate applies for the first six months you own the bond.

https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm

If you have 10K sitting in bank account, making 0.01%, you might consider this.