“Policy firming”. Now that is pure bureaucratic speak. What the hell does that mean for us country folks without a college education?
“Floggings of employees will continue until morale improves.”
Supposedly banks are failing due to after effects of interest rate hikes.
Inflation won.
I want Zer0 Inflation.
A balanced budget/fiscal year amendment would lower interest rates and strengthen the banks.
They chickened out before even getting to the halfway point of what is needed to tame the inflation beast. Savers are screwed!
The rates will go up at least another .25 this year, possibly two more .25 hikes.
Recession we will work our way out of, but it makes the current administration look bad.
Inflation could mean all 401K’s (and savings) eventually are basically worthless at some point, which means all those people who got screwed over by inflation will be looking for scalps.
Decisions, decisions....
The Fed probably has a list of non-Fed banks which they expect/hope this rate hike to kill off.
The end of this panic is likely nationalization of the banking system after the current system is destroyed by bank runs.
One bank to rule us all.
One universal CBDC to bind us all, in the darkness.
Is is just me or is spell check gone for everyone?
Not sure you are correct on that. With a recession in process, oil prices are coming down. I would be more concerned about the effects on rates imploding Bank Balance Sheets like we just saw with SVB, First Republic, Signature Bank, etc. etc.
Fantastic....rates are up but inflation will remain high.
Correct. They need another 1.5 percent and an expense cut.
Powell even contradicted himself by basically, saying that the data will drive what happens, right after saying it’s the last rate hike for the year.