And the moon is made of green cheese.
Forgive my ignorance but are basis points tied to mortgage rates somehow?
If Deutsche Bank knows what’s going to happen in the future, they can make a ton of money trading.
But in the past five years, their results haven’t been that great.
Just in time for the next Presidential election...
Even the Fed does not know what the Fed will be doing in 2024. This is the fed that thought inflation was transitory. Then it hit a 40 year high; probably an all-time high if the old measure of inflation is used. The Fed pretends to be in control, or worse, thinks it is actually in control of the economy. It’s a blind and drunk man trying to light a cigarette in a fireworks factory. The probability of success is low.
Isn’t this kind of what happened in the 1970s pre-Paul Voelker, the Fed would raise rates and the economy would slow, they would get scared and lower rates and they continued to do this multiple times, meanwhile inflation never truly went away and by the end of the 1970s you had the worst possible outcome, high inflation combined with an economic recession.
Title says by mid-2023, but article says mid-2024.
Especially if this is 2023, basically, saying fed wants a roaring economy, inflation be damned.
Does anyone really that the FED Rothschild bank will give up any of their power structure?
They’re going to be blink. Life savings are about to be wiped out. They have decided to roll with inflation rather than price stability.
“Zero” interest rates worked well before, so why not again? /sarc
“Analysts anticipate a moderate recession beginning mid-2023, with real GDP falling about 1.25 percentage points over three quarters and the unemployment rate reaching a peak of 5.5%.”
Analysts = retards.
Unfortunately, we’ll be back in 1934 by then.
I have to agree with Deutsche bank. A pivot is inevitable and may be even before mid 2023. Like by March.
Headline reads:
“Fed Will Slash Rates By 200 Basis Points by Mid-2023 Says Deutsche Bank”
Story reads:
“Deutsche Bank, my former employer, said that The Fed will slash rates by 200 basis points by mid-2024”
Author Anthony B. Sanderson has reached his level of incompetence.
Whatever happens...I can rest easy knowing with full confidence that the Fed and the US government which authorizes it, is on MY side and that of my rural, conservative, traditional neighbors.
We have no worries about any foreign or global allegiances the bureaucrats in the US government or the Fed may have that would compete with their duty to lookout for our best interest.
slash them?
LMAO
they wont even be finished RAISING them 6 months from now!!!
it took raising them up to nearly 20% to stop inflation under Carter!
A guy bet me in june that next year the fed would find they raised rates too much. Forecast is 16% market gain next year. It takes 33% to get back to where we once were.
The recession is needed and I hope assured. The sooner we get this over the better. Too much free money and too little work and product crippled us.
We’ll see. Won’t we?
It goes up and it goes down and repeats.