Article

2023-03-08 Economy

Federal Reserve: Rates to Increase Some More

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Posted by lord garth 2023-03-08 00:00|| || Front Page|| [8 views ] Top

#1 Dow Jones plummets 570 points and drops into the red for 2023 after Federal Reserve revealed it could raise interest rates HIGHER and faster than expected to stave off rampant inflation

Posted by Skidmark 2023-03-08 06:46|| 2023-03-08 06:46|| Front Page Top

#2 The Fed is theoretically independent. If they really were, they could announce that for every new spending by Congress that they'd raise interest rates a half a point. That would be 'interesting'.

Posted by Procopius2k 2023-03-08 07:17|| 2023-03-08 07:17|| Front Page Top

#3 Three January inflation numbers--CPI, PPI, and PCE deflator--were all nasty surprises. This is no time to let up.

The Fed has actually been pretty tight on money supply in the last year. But they have yet to make a meaningful dent in the $3 trillion they threw into the economy in 2020. It's still there, sloshing around and pumping up prices.

Posted by Tom 2023-03-08 11:59|| 2023-03-08 11:59|| Front Page Top

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