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Fed Slows Rate Increases, Raises Only 25 Basis Points, As Expected (Future Rate Hikes Projected To Slow As Inflation Slows)
Confounded Interest ^ | 02/01/2023 | Anthony B. Sanders

Posted on 02/01/2023 11:21:06 AM PST by Kaiser8408a

The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades.

Policymakers lifted the Fed’s target for its benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%. The smaller move followed a half-point increase in December and four jumbo-sized 75 basis-point hikes prior to that.

The unanimous decision by the Federal Open Market Committee was in line with financial market expectations.

Markets are forecasting a pivot after the June meeting in 2023.

The face of The Federal Reserve. Although Yellen is now Biden’s Secretary of Treasury.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy
KEYWORDS: biden; blogpimp; fed; inflation; rates; retread
Inflation will start rising again.
1 posted on 02/01/2023 11:21:06 AM PST by Kaiser8408a
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To: Kaiser8408a

Playing footsie with inflation. It will blossom again by spring.


2 posted on 02/01/2023 11:22:29 AM PST by Sequoyah101 (Procrastination is just a form of defiance.)
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To: Kaiser8408a

Yay! they are ONLY raising interest rates another 0.2s%!!

How great. The economy is getting crappier at a slower rate!


3 posted on 02/01/2023 11:22:58 AM PST by Mr. K (No consequence of repealing Obamacare is worse than Obamacare)
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To: Kaiser8408a

Thank goodness my bank savings account is rising to match the Fed rate.

I kid, of course. My bank continues to pay 0.10% annual interest. So I’m moving all my excess cash to a mutual fund money-market account. It pays close to the Fed rate. I’m still losing to inflation, but not as much as if I were keeping it in my friendly local bank.


4 posted on 02/01/2023 11:35:44 AM PST by Leaning Right (The steal is real.)
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To: Kaiser8408a

what powell really thinks...although a parody...probably real

https://twitter.com/CNNFU/status/1620526555775774720


5 posted on 02/01/2023 11:38:25 AM PST by RummyChick
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To: Kaiser8408a

Thus extending the inflation pain. They should have done a half point. With the Biden administration continuing to print money to toss at the preferred groups, we have the two factions working against each other.

Interest rate hikes are going to do no good if we keep printing money. Continuing the Covid emergency to allow the abatement of student loans, increased SNAP benefits, and medicaid expansive just keeps the gravy train running. We are putting too many dollars into the economy that has no production to back them up.


6 posted on 02/01/2023 11:40:18 AM PST by CFW (old and retired)
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To: Kaiser8408a

Q. Chairman Powell, does you believe that workers who have been laid off to satisfy your unemployment target will be grateful that the prices they might have paid for goods and services if they still had a pay check are now lower?


7 posted on 02/01/2023 11:49:04 AM PST by Dave Wright (i)
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To: Kaiser8408a

It depends on M2 growth which from what I understand is now 0. Problem is that most of the money that has been printed has not been spent as of yet.


8 posted on 02/01/2023 11:57:10 AM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: Kaiser8408a

The Democrat Communist are doing a great job effing up everything good Trump tried to do.


9 posted on 02/01/2023 12:01:58 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Dave Wright

Prices are NOT lower. It is only the size of the increase that is lower, ie, prices are still increasing but on a percentage they increasing slower.

Widget in 2020: 100
Widget in 2021: 150 inflation 50%
Widget in 2022: 200 inflation is DOWN to 33%
Widget in 2023: 250 inflation is DOWN FURTHER to 25%

Don’t you feel much better!!!


10 posted on 02/01/2023 12:03:37 PM PST by rigelkentaurus
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To: Kaiser8408a
I watched part of Powell’s comments. He’s an ass-clown. Powell said the debt limit needed to increased and that’s the only solution. Doesn’t he understand that unfettered government spending of money that does not exist requires money to be printed causes inflation? He’s the one printing money. Does he know why? What a eff’n moron. Spending needs to be cut. Government needs to be cut.

Each day there is news of layoffs in the private sector, but do you ever hear about government layoffs? These eff’n lazy asses don’t even go to work. Republicans in the House presently have a bill to force government scumbag employees to work from the office. These lazy asses ARE the cause of inflation. They are enemies of working Americans.

11 posted on 02/01/2023 12:23:39 PM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: ConservativeInPA

I certainly wouldn’t mind layoffs in government, but I’m worried some of them would try to migrate over to the private sector, thereby spreading some of their buffoonery.


12 posted on 02/01/2023 2:27:47 PM PST by millenial4freedom (The Democrat Party thinks men can menstruate! How can it possibly be right about everything else?)
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To: millenial4freedom
I’m worried some of them would try to migrate over to the private sector, thereby spreading some of their buffoonery.

I’ll play the optimist. Let them migrate to big business. Small businessmen are not going tolerate incompetence and laziness. When I had my business (retired now) having too much “government time” on a resume was the kiss of death. The idea of an interview wasn’t even entertained. As for big business, I have zero love. Let unemployed government types implode big business. There needs to be a serious reckoning in woke, globalist business. That can only happen with a massive shock. Flood them with 1.5 million lazy ass employees. (Notice, I don’t refer to government employees as workers.)

13 posted on 02/01/2023 2:58:56 PM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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To: Kaiser8408a

The Fed needs to lower rates because unemployment is going up. Unemployment is lagging indicator.


14 posted on 02/02/2023 6:49:47 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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