FOMC Rate Decision: increase 25 basis points (Live Thread)

Live - Pick your business news network ^ | May 3, 2023 | ConservativeInPA

[ConservativeInPA]

The Fed has increased the Fed Funds rate by 25 basis points.

Tune in to business news for Powell’s asinine presser

[C210N]

Will still put more pressure on banks, more banks will go under, more banks will “consolidate” with the big 4.

Just not as quickly as it would have been with a 1/2 point rise.

[1Old Pro]

Government printing and spending caused this inflation. It’s never pretty having to fix government mistakes. And there is never government accountability.

[Robert DeLong]

FOMC stands for the Federal Open Market Committee and is a committee within the Federal Reserve System (the Fed) charged with overseeing the nation’s open market operations (e.g., buying and selling of United States Treasury securities).

[ConservativeInPA]

Will still put more pressure on banks

I suspect some pressure. The FOMC must be treading lightly on interest rate increases due to so many banks holding crap bonds. The Taylor rule still indicates a need for much higher interest rates.

[Myrddin]

Parties holding longer term treasuries with lower interest rates are going to lose more money selling them. At this point, the bond buyers are going for nothing longer than 30 days to limit exposure to the next rate hike. The longer term bonds aren't selling at all. Given that environment, raising the debt limit will have little effect. There are few buyers and little confidence in even getting the principal back.

[ConservativeInPA]

Powell: “banking sector is sound”.

BS

The moron is gaslighting

[C210N]

The 1/4 point was one thing, and markets continued their sideways motion, but then POW-ell opened his mouth, and the bottom is falling out.

DOW down $250

[ConservativeInPA]

The dollar is losing value against major currencies and the Peso and IDR

[wardamneagle]

SHOCKING