Inflation isn’t why the Fed raised the discount rate.
The Fed has signaled that they’re going to withdraw the easy credit and liquidity measures put in place to “rescue” the banking sector. The discount rate raise means that the Fed wants to transition back to being the lender of last resort, rather than being the lender of first resort.
Censor ping.
the imagery of greenbacks as toilet paper tells us all we need to know here
“Inflation: Why Markets Ignored the Fed Rate Hike”
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Hike? More like a pip squeak hikette.
WAY too little, and WAY too late.
I hope someone takes that picture down. That is a disgrace to the flag.