Posted on 12/14/2022 11:38:00 AM PST by Kaiser8408a
As expected, The Federal Reserve raised their target rate by 50 basis points to 4.50%, the highest Fed target rate since November 2007.
The only thing interesting that happened was Powell’s hawkish statements about The Fed wanting to keep tightening to fight inflation caused under “Inflation Joe” Biden.
But the NEW Fed Dots plot looks like an Olympic Ski jump with expectations of DECLINING Fed target rates.
(Excerpt) Read more at confoundedinterest.net ...
Get your basements ready to take in your unemployed adult children. This “recession” is going to be a doozy.
Transitory.
Janet?…
:)
Millennials on Robinhood will be yelling for the Fed to plug the printer back in!! LOL
After Christmas mega layoffs begin......FJB
“the highest Fed target rate since November 2007”
A good start.
Get your basements ready to take in your unemployed adult children. This “recession” is going to be a doozy.
**********
Most tract homes don’t have a basement.
Will a garage work?
Yup. You nailed it. They think people are stupid and claim that the jobs-three letter word, market is improving.
And they are right in the respect that most people are stupid, since they swallow this crap hook line and sinker.
Labor market is very strong. JPowell has acknowledged that. It’s gonna take a while to reduce inflation, especially oil prices rise.
A garage, a tent out back, the grandkids’ playhouse. I suspect many are going to be grateful for anything they can get.
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