DOW down 448 (now)
They need to hit the market with another 75 basis point increase. Then wait for 6 months before anything else.
DJIA
33,899.76
-447.27 (-1.30%)
11:07 PST
Inflation and mass firings inbound...
Just in time for Christmas.
So STFU you filthy peasants...
Fed Govs reminded everyone that a recession is still scheduled for 2023.
Wages might be going up-—but those of us on Soc Sec are still watching every penny.
Interest rates will do nothing in the face of the massive printing of more money.
It’s an old adage that “America (and all industrialized nations) run on oil”. Biden and the left’s insistence upon changing this to all electric, despite no plan to generate additional capacity or delivery infrastructure, is a sink or swim approach and so far we’re sinking. Additionally, the oil based plastics industry that permeates our markets will increase in costs to consumers as well.
Of course!
They will inflate their way out of debt, then they will start the cycle all over again by printing money to get out of the recession..................
Jimmuh Cahtuh redux? Stagflation here we go again?
“Fed Rollercoaster! Fed Will Slash Rates By 200 Basis Points by Mid-2023 Says Deutsche Bank”
[The article says mid-2024]
https://freerepublic.com/focus/f-bloggers/4112355/posts
Round ‘n’ Round ‘n’ Round she goes
Where she stops? No one knows.
Rough next two years. Should be bad news for Dems in 2024 if we can get some good conservative candidates and fix the election fraud.
Just like gasoline puts out fires.
They’re raising rates as if inflation is actually 9%. But it isn’t - it’s probably triple that.