Posted on 06/17/2022 6:59:52 AM PDT by Browns Ultra Fan
Alarm!
As The Federal Reserve tightens the monetary noose (Fed Chair Powell said Fed ‘acutely focused’ on returning inflation to 2%), the US economy is slowing. In fact, May’s Industrial Production report is half of what was expected. Industrial production declined to 0.20% MoM versus the expected 0.4%. At the same time, capacity utilization rose slightly to 79%., but still below expectations.
Mortgage rates are rising rapidly, but the growth has cooled slightly as the economy cools.
Bitcoin is getting demolished by The Fed’s reaction to inflation.
And “It’s Not Always Sunny In Philadelphia.” Since the Philadelphia Fed’s Business General Conditions has dropped into negative territory with, among other things, The Fed’s monetary tightening. And they’ve only just begun (no Carpenters’ songs!).
Here is Phil Hall’s article on housing and The Federal Reserve’s noose tightening. US housing starts dove -14.4% MoM as mortgage rates soared.
If the Biden Administration and Federal Reserve jointly produced a dating site …
(Excerpt) Read more at confoundedinterest.net ...
“unexpected”
DRINK! (except the cost of alcohol has skyrocketed as well)
Seemingly the plan is going to be to strangle the economy rather than raise interest rates above the rate of inflation. We are in for some interesting times.
I suppose the FJB politburo will blame this on Putin, too.
Lower than expected by whom?
demand destruction began a few months back when markets anticipated Fed tightening to come - media is behind the curve.
Obama is not running anything, this is Soros.
It never ceases to amaze me at how many people, even here on FR, believe Obama is running things. Obama is merely a stooge, just like Biden. He controls nothing. He's just trotted out as necessary. The oligarch billionaires, Soros included, are the real power behind the DNC and the coup in progress that is ultimately intended to replace our federal republic.
What do we actually produce anymore? America hasn’t been an industrial manufacturer in decades.
Rates on credit cards and car loans and everything will be going up too...
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