But diaper brain Joe said we had ZERO inflation.
No worries...the inflation tax raise/bill is going to take care of that problem (extreme sarcasm)
The media propagandists have been practically salivating over Dear Leader’s “achievements” these past few weeks. I wonder if they’ll say anything about this little development, or just continue to blame it on Putin, or Trump, or the Republicans.
Powell told the truth. There will be pain and we’ll just have to suck it up. Let’s go, Brandon!
Definitely a stock pickers market as we trend sideways for a couple years.
Recession and inflation. Yet the Democrats still managed to win NY 19. Are the American people really that vapid and stupid?
32,742.61
▼ 549.17 (1.65%) today
August 26, 11:20 AM EDT · Market Open
The Fed has no other choice. Raising rates is the only thing they can do.
Eventually, it will cause people to buy less big ticket items.
Houses, cars, boats. Take less vacations. Choose what they are going to spend their money on.
Not remotely enough to cull hyper-inflation. This new spending bill will have us see Venezuelan levels. Interest rates will need to hit 18% to stop this crap.
I remember old bonds at 18% when I started trading zeros. Insane to contemplate in this age of artificially low rates. Eventually market forces will win and interest rates will skyrocket.
Volcker knew this and got ahead of it. The only competent guy Carter ever appointed.
18% may not be enough. These are uncharted waters.
Joey has made the Fed’s work much harder. normally fiscal and monetary policy would coordinate to stem inflation, but Joe et al continue devaluing the currency with their spending. if we continue to decline economically Joe will blame Powell - but the upshot is the D’s don’t care what destruction or pain they bring to the People as long as they have Solyndra 2.0 and Central Planning.
Anyone seen interest rates for savings account raise yet?
Powell will have to raise more than he planned after Biden decided to give half a trillion dollars to people who are mostly upper middle and upper class. That means more inflation.
If the FED doesn’t raise by at least .75% next meeting, it will be losing ground to inflation.
Take the buying opportunities. Better days are ahead.
Well, in my view the market reaction is good for America.
The averages have crept up. The rise could be Democrat election fodder
Better at election time that the averages still be depressed. There must continue to be a generally bad feeling
When is the next FED interest hike scheduled for?
The Fed CAN NOT fix Biden’s Marxist Economic Policy!!!!!
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But, but, but... this can’t be true. The Biden people said that their gazillion-dollar student loan bailout is DEflationary.
Day traders must be doing OK. Just buy on Mondays and sell on Wednesdays.