Posted on 10/30/2022 9:29:49 AM PDT by Kaiser8408a
The next Federal Reserve Open Market Committee (FOMC) meeting in on Wednesday, November 2nd. Let’s see what The Fed does with its BIG GREEN BAG … OF MONEY.
As I set here on Sunday morning waiting to see how the Cleveland Browns will lose to cross-state rival Cincinnati Bengals, I see that both the US Treasury 10yr-2yr and 10yr-3mo yield curves are inverted (below zero).
Core inflation (CPI less food and energy) YoY (blue line) was only 1.3% in February 2021 shortly after Biden was sworn-in as President and is now 6.6% in September 2022. That is over a 400% increase in core inflation!
We have this tantalizing headline on Bloomberg:
Goldman Sachs Now Sees Fed Rates Peaking at 5% in March By Simon Kennedy(Bloomberg) —
Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted.
The central bank will lift its benchmark rate to a range of 4.75% to 5% in March, 25 basis points more than earlier expected, economists led by Jan Hatzius wrote in an Oct. 29 research report.
The route to the new peak includes increases of 75 basis points this week, 50 basis points in December and 25 basis points in February and March, they said.
The economists cited three reasons for expecting the Fed to hike beyond February: “uncomfortably high” inflation, the need to cool the economy as fiscal tightening ends and price-adjusted incomes climb, and to avoid a premature easing of financial conditions.
Regardless of what Goldman Sachs thinks, Fed officials are expecting a peak in 2023 followed by a decline to 2.5%.
(Excerpt) Read more at confoundedinterest.net ...
Look at core inflation rate, up over 400% under Biden!!
Nothing to worry about.
The Federal Reserve and its printed, fiat, controlled money is the foundation of our woke prog nanny state
Anyone who spends any time at all in a grocery store can see that anything that this current government says or does about ‘inflation’ is totally concocted BS that MSM dutifully reports it without question.
I’m not even gonna get into what utilities are offering for fixed-price rates.
This debacle is real, and it is being furthered in support of a demented and very possibly senile husk of a lying pervert’s administration.
You can’t vote him out right now (that’s in 2024) but you can start on November 8th by throwing out those sycophant Congressmen/women who are supporting him. But go VOTE! Vote them out.
Right now the Democrats control everything. They started the fire. Don’t blame the Firemen, the FED, for the way they fight the fire that Biden Admin started.
It will be interesting after the Republicans win in Nov.
How much blame, how much credit will go to the R team, how much will go to the D team? Good will happen, Bad will happen. Republicans should cut regulations and free the economy. It they do not do that will they get the blame if the economy does not improve?
It will be a split government. But the R team will have control of the purse. Will they use it? Or will they go along to get along?
I predict a pivot before March.
Sounds about right, that’s what it will take to lower inflation. Like oil, the cost of money influences everything.
But the R team will have control of the purse. Will they use it? Or will they go along to get along?
R’s solved all this decades ago. Have you forgotten Graham-Rudman?
/s
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