Fed rate hike Monday
- freetown fred
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On what G????
Interest.
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not a chance!!!!!!
- Hambden Bob
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Ehh,There's always the option of taking Your Life Savings and opening a Anthracite Powered Coffee/Pizza Shop in the Ukraine! I mean,what Da' Hell?? Why not??
- freetown fred
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What the hell indeed Bob!!!!!!!!!!!!!!!!!!!!!! LOL
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It will depend on the decision of the boss of the borgata in consultation with other made members.
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The last I heard ,and I’ll have to refind the source , there are analysts saying that the Fed needs to go a full 2% to put a finger in the shiza dam with any hope of continued containment
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https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html
New move during last week of March sets rate at .5 with promised increases to 1.9 by years end and speculation of 2.25 or more in 2023
New move during last week of March sets rate at .5 with promised increases to 1.9 by years end and speculation of 2.25 or more in 2023
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Here is the real situation. Our CB does not care about you, employment or inflation. So only care to keep the 8 private owners of the bank as rich as possible and asset prices up. So yes, a few minor rate rises until the market reacts and they then they lower again very quickly. None of this will change inflation one jot. Simple maths it's not $30T it is $90T and counting. So in an economy that is around $22T if I add 3% then interest charges are an additional $3T ... aint going to happen. This is not 1980 all over again. We just have to stop out of control spending. It's not hard to understand