Posted on 02/25/2022 9:40:21 AM PST by Browns Ultra Fan
And this doesn’t include the inflation in prices caused by the Russian invasion of Ukraine. Yet.
US Personal Consumption Expenditures (PCE) price index rose by 5.2% in January, the fastest rate since mid-1983.
With CPI inflation at 7.5% YoY, the Taylor Rule suggests a Fed Funds target rate of 13.35%, higher than the current rate of 0.25%. Overstimulated much??
Let’s see if The Fed actually goes hunting inflation.
Let’s see if inflation makes The Fed dance!
(Excerpt) Read more at confoundedinterest.net ...
At this point, they have no choice but to monetize the debt.
DOW now up almost 800 points today.
But since the dollar is only worth a nickel, that means the DOW is really at about 1,700, so no big deal.
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