I'd be raising in line with what the expectations are at this point.
A friend of mine insists that they can never be raised that much or we are cooked.
The US Congress Hacks have created so much debt that they cannot afford to raise interest rates more than a point or two, and consequently, we will be in deep merd soon with inflation way way WAY out of control...
1% tops. Inflation remains.
A couple points. Our debt will quickly become unserviceable, they don’t have much room to work with here. I imagine the plan is to acquire assets with inflato-bucks. Then at some point make a transition to reset the clock.
Slam on the brakes! Hike it to 4%. I’d go back to buying T bills. Gets me some of my outrageous taxes back.
“massive half-point increase”
The current fed reserve interest rate is 0%. Going to .5 would be a truly massive increase.
Good discussion, Freepers, people are thinking out there.
It’s time start reacting, good luck with your investing, budgeting, prosperity moves etc.
And as always, see my tagline...
I predict two quarter point raises and then they have to retreat. They just raised a quarter point and mortgage rates dropped back to 4.10%.
Place your bets, how many raises, will they have to go up a half-point at once, and what will be the effects?
I’d be raising in line with what the expectations are at this point.
.25+.25+.25 for 2022. This lets everybody know we’re serious about changing away from cheap money stupidity.
.25+.25 for 2023. “Hey speculators, we’re sticking with our new policy.”
.25 for 2024. “Its an election year. We can go either way.”