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50, 75, 100?


               
2022 Jun 13, 5:04am   61,318 views  329 comments

by Al_Sharpton_for_President   follow (6)  

This "relentlessly aggressive" stance could include raising interest rates by 0.75% on Wednesday, a move economists at Barclays said Friday is now their baseline expectation.

"Historically, the US central bank has avoided surprising markets – say, by going 75bp when it is not priced in," Barclays economists led by Jonathan Millar said in a note to clients published Friday.

"But next week, we feel, is likely to be an exception."

https://finance.yahoo.com/news/inflation-puts-pressure-on-powell-what-to-know-this-week-162615319.html

Comments 1 - 27 of 329       Last »     Search these comments

1   GNL   @   2022 Jun 13, 5:09am  

The rate will likely rise .75% this week?
2   Dholliday126   @   2022 Jun 13, 6:03am  

Needs to be 100 but they will go 75. Fed is massively behind the curve. Libs green agenda and China's intentional supply chain bottleneck has/will ruin economy.
3   zzyzzx   @   2022 Jun 13, 6:06am  

Needs to be 250, but they will only do 50. Expecting the federal reserve to do the right thing is just plain silly.
4   Hircus   @   2022 Jun 13, 2:53pm  

In 2007, everyone said a housing/MBS crash was impossible. It was very low on the expected possible issue list. Then it happened.

In 2020, after many years of the fed failing to achieve their desired inflation rate, and eventually capitulating when they said "maybe the goal is too high, so lets just lower the goal lulz.", people thought rampant multi year inflation was one of the last things that could happen. Then it happened.

The sloth like reaction to inflation smells. It makes me very suspicious that either they either engineered it all, or took advantage of the situation to make inflation worse.
5   TheAntiPanicanLearingCenter   @   2022 Jun 13, 4:40pm  

YEEHAH! Power to the savers!

(And no, paying down debt on a ticky tack shack != saving)
6   zzyzzx   @   2022 Jun 14, 8:51am  

https://www.foxbusiness.com/economy/markets-brace-100-point-fed-rate-hike-inflation-roars-new-high

Markets brace for 100-point Fed rate hike as inflation roars to new high
7   Eric_Holder   @   2022 Jun 14, 11:40am  

AmericanKulak says

YEEHAH! Power to the savers!


Except nothing pays interest near inflation rate (save for measly $10K in I-bonds).
8   BayArea   @   2022 Jun 14, 6:23pm  

This fed rate hike is already baked into mortgage rates.
9   clambo   @   2022 Jun 14, 8:46pm  

The government giving away free money by the thousands of billions caused inflation.
An economist would say it’s increased availability of money with no increase of output.
Biden and Putin got oil prices up.
Raising interest rates will have no effect on any of the above.
10   Misc   @   2022 Jun 15, 12:45am  

China;s construction boom has turned to bust. China's imports have simply imploded. This has put quite a damper on emerging market economies.

There is about $15 trillion in dollar denominated debt owed by foreign entities. With the expected 3/4 point raise today, that'll mean an extra $225 billion yearly they owe in interest from the beginning of the year.

Much of that debt will not be able to be rolled over. International bankruptcies will become commonplace.

There could be a global depression. That would certainly bring down oil prices.
12   zzyzzx   @   2022 Jun 15, 5:17am  

https://finance.yahoo.com/news/gundlach-says-fed-raise-fed-032359738.html

Gundlach Says Fed Should Raise Rate to 3% on Wednesday
13   zzyzzx   @   2022 Jun 15, 7:12am  

https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2022-120337242.html

Federal Reserve set to announce interest rate decision at 2 p.m. ET

Too bad we can't do a poll on what they will do. If I had to guess I'm thinking 50 basis points, or less because they consistently do the wrong thing (with the right thing being a higher rate jack).
14   Al_Sharpton_for_President   @   2022 Jun 15, 7:27am  

50 is what they had originally telegraphed. I think there is a good chance it will be 75 due to the continuing bad inflation numbers. They are being tasked with the challenging job of cleaning up the mess that they, Fauci and scarf lady, Trumpy and senile guy, and senile Congress have created.
15   zzyzzx   @   2022 Jun 15, 7:58am  

https://www.cnbc.com/2022/06/15/heres-everything-the-fed-is-expected-to-announce-including-the-biggest-rate-hike-in-28-years.html

The Federal Reserve on Wednesday is expected to raise benchmark borrowing rates by three-quarters of a percentage point.
16   zzyzzx   @   2022 Jun 15, 11:03am  

Up 75.
17   Shaman   @   2022 Jun 15, 12:25pm  

This isn’t going to fix inflation.
The supply chain must be fixed first.
I still can’t get parts or components or even freaking grease without a huge wait. That means we pay whatever it takes to get what we need to keep operating.
Which drives prices up.
18   GNL   @   2022 Jun 15, 1:08pm  

Shaman says

This isn’t going to fix inflation.
The supply chain must be fixed first.
I still can’t get parts or components or even freaking grease without a huge wait. That means we pay whatever it takes to get what we need to keep operating.
Which drives prices up.

What industry are you in?
20   Booger   @   2022 Jun 15, 1:39pm  

zzyzzx says

Up 75.


ERECTION INTENSIFYING!!!

This was the realistically the best we could have hoped for.
21   Misc   @   2022 Jun 16, 10:23pm  

... and all of a sudden nobody wants to borrow money ... except for those who know they are not going to repay it.
22   Booger   @   2022 Jun 23, 3:08pm  

Ally Bank now up to 1% APY on it's savings account.
23   Eric_Holder   @   2022 Jun 23, 3:12pm  

Booger says

Ally Bank now up to 1% APY on it's savings account.


WOW!!!! Savers getting RICH!!!
24   stereotomy   @   2022 Jun 23, 3:16pm  

Where is my $100K McMansion. Bring it on MFs!
25   zzyzzx   @   2022 Jul 7, 7:48am  

https://www.nytimes.com/2022/07/06/business/economy/fed-rate-increase-inflation.html

Fed Moves Toward Another Big Rate Increase as Inflation Lingers
26   fdhfoiehfeoi   @   2022 Jul 7, 8:41am  

There are only two choices under a central bank system. Inflate and gut the Federal Reserve debt notes, ultimately imploding the economy, or deflate, gut the stock market, ultimately imploding the economy. Ohh, I guess there's just one..
27   fdhfoiehfeoi   @   2022 Jul 7, 8:44am  

Shaman says

This isn’t going to fix inflation.
The supply chain must be fixed first.


While these may appear to be different problems, they are really the same. Inflation always, ALWAYS causes supply chain issues. Look at Venezuela, Weimer, or any previous example. Even simpler, these are symptoms of every society that employs a central bank.

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