patrick.net

https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-september-2020-135645057.html

Fed signals interest rates to stay near-zero through 2023

The Federal Reserve on Wednesday kept rates steady at near-zero, suggesting that interest rates will likely stay there through the end of 2023.

Policymakers also upgraded their outlook on the U.S. economy’s emergence from the depths of the COVID-19 pandemic, offering more optimistic projections on where unemployment and economic growth will end the year 2020.

In June, the Fed forecast a 6.5% contraction in real GDP and an unemployment rate of 9.3% by the end of 2020. But an August jobs report showing a better-than-expected 8.4% unemployment rate suggesting that the economic recovery is proceeding faster than originally expected.

Updated forecasts have the Fed now seeing 3.7% contraction in GDP with the unemployment rate reaching 7.6% by the end of the year.

"The name is Bond. One Percent Bond."

I remember when I was 24, I had the option. Put $5k in the bank and earn 2%. Instead, we bought $2k of Mark Sanchez and Eli Manning Jerseys on clearance. We doubled our money into September for the start of football season. Point is, the 2% was bullshit, and I coulda earned just as much money by buying 5 Mark Sanchez jerseys and quickly flipping them. And Mark Sanchez fucking sucked!

Real inflation in 8%. Get into assets or you will and your children will be forever poor until the reset.