Fed to raise rate 100bps!

8,824 Views | 67 Replies | Last: 3 yr ago by P.U.T.U
will25u
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Big jump. Wow.

"We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution."

- Abraham Lincoln
Nitro Power
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will25u said:

Big jump. Wow.




Artificially low for way to long. Rip the band aid off or prolong the agony.
When you fall to your knees and ask God for help, don’t forget to fall back on your knees and say ‘thank you’ when He answers.- Steve Torrence
HumpitPuryear
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Jeezus if these morons would just listen to Manhattan and let the supply chain catch up everything will be fine.
DallasAg 94
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Ellis Wyatt
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DallasAg 94 said:

WOW.... that's going to leave a mark less than two months before Mid-Terms!
The lies will be epic!
Gap
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Anyone have a montage of "experts" telling us inflation was transitory? In a serious world jokers like Powell and Janet Yellen would have been fired.

And where is Janet Yellen hiding these days as the administration she is part of as Treasury Secretary continues to spend away and propose even more in the face of the highest inflation in a generation.
Sims
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Why?! This doesn't make sense, Biden fixed inflation in July!
An L of an Ag
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The cheating will be epic-er.
SouthTex99
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Kvetch
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HumpitPuryear said:

Jeezus if these morons would just listen to Manhattan and let the supply chain catch up everything will be fine.


Don't worry. Neehau will come explain to us peons how the economic woes have nothing to do with unfettered spending and everything to do with the fed raising rates.
BigRobSA
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Ellis Wyatt said:

DallasAg 94 said:

WOW.... that's going to leave a mark less than two months before Mid-Terms!
The lies will be epic!

Trrrruuuummmmmmppppp!!

Jan 6!!!!


SuperMAGA terrorism!!!!1
aggie93
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HumpitPuryear said:

Jeezus if these morons would just listen to Manhattan and let the supply chain catch up everything will be fine.
Come on man! Who cares if we just threw a trillion plus at "Climate Change"and forgiving student debt for Starbucks employees! I mean no one would expect something like this to happen because there is no connection between spending and inflation!
"The most terrifying words in the English language are: I'm from the government and I'm here to help."

Ronald Reagan
Gap
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will25u said:

Big jump. Wow.


Isn't the bigger "wow" that we have a fed funds rate of 2.25% currently when inflation has been 6-9% for all of the past 12 months?
aezmvp
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Yes, the problem is that the folks in charge will not really be able to deal with doing what is really necessary which is a 300 bps jump at a time. 100 is a lot for the Fed and yes it's not catching up with what's really going on but it is a step in the right direction.
Bobaloo
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'The president and a forward think congress solved the inflation and climate change issues with the passage of the LANDMARK Inflation Reduction Act. We are in GREAT hands!' -Concerned Moderate
BCSWguru
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a hundred beats per second increase is realllllly fast
FriskyGardenGnome
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Have they officially abandoned the 'soft landing' talk, yet?
SMM48
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Let's see what Brian Deese and Austin Goolsbee have to say now. Those two clowns have been talking a lot of smack the past 12 months.
P.H. Dexippus
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Why do I still have 50% of my wealth in the market?

F.
riverrataggie
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Not enough. They need to rip the bandaid and just let it bleed out for a bit.

Get the infection out.
riverrataggie
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Mr. AGSPRT04 said:

Why do I still have 50% of my wealth in the market?

F.


Don't worry, it will build back better.
No Spin Ag
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riverrataggie said:

Not enough. They need to rip the bandaid and just let it bleed out for a bit.

Get the infection out.


There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
LOYAL AG
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This showed up on YouTube a couple of days ago from Zeihan. Thought it was an interesting take on how the rate changes might play out.

Central Committee
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The Fed should have been selling off bonds (that were purchased as part of the QE program) back in 2014 through the start of COVID in Feb 2020. But here we are with a $9 trillion portfolio, which is inexcusable.

On top of that, as noted above, interest rates were kept abnormally low way too long.

All the Fed doves and Team Transitory should be fired and as a group permanently ignored for anything but economic comedy.
wbt5845
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Figured this was coming. Talking points on mortgage rates has been "geez they used to be over 10% they're not so bad now" for a while now.

They've been trying to prep people for this.
LMCane
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Nitro Power said:

will25u said:

Big jump. Wow.




Artificially low for way to long. Rip the band aid off or prolong the agony.
what is hilarious is how many "smart" economists and Wall Street / White House staffers are wrong TIME AFTER TIME AFTER TIME

literally this entire past two months has been, "Biden going to win because inflation is over!!!"
Ag In Ok
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That's an odd thing to do with Biden trumpeting his 0% august inflation number.
D-Fens
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Everything is transitory on a long enough timeline
Tom Kazansky 2012
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Ag In Ok said:

That's an odd thing to do with Biden trumpeting his 0% august inflation number.
Ag13
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It should be noted this a prediction not something that has happened. FOMC meeting is next week. Chances are rising for a 100 point rise but 75 points is still the overwhelming odds right now.

Whether 75 or 100 the fed is way behind on this.
sam callahan
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Austin Goolsbee can't be shamed into humility. He has been wrong for two decades and hasn't slowed down yet.
LMCane
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Gap said:

Anyone have a montage of "experts" telling us inflation was transitory? In a serious world jokers like Powell and Janet Yellen would have been fired.

And where is Janet Yellen hiding these days as the administration she is part of as Treasury Secretary continues to spend away and propose even more in the face of the highest inflation in a generation.
where is Joe Manchin, the hero who warned about inflation and then agreed to allow another trillion in spending?!?!
BusterAg
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D-Fens said:

Everything is transitory on a long enough timeline
In the long run, we are all dead.
DrEvazanPhD
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Kvetch said:

HumpitPuryear said:

Jeezus if these morons would just listen to Manhattan and let the supply chain catch up everything will be fine.


Don't worry. Neehau will come explain to us peons how the economic woes have nothing to do with unfettered spending and everything to do with the fed raising rates.
I think zhe posts as "Manhattan" now.
will25u
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"We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution."

- Abraham Lincoln
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