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Half-percent rate hike ‘on the table’ for May
Posted on 4/21/22 at 1:30 pm
Posted on 4/21/22 at 1:30 pm
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday, March 3, 2022 on Capitol Hill in Washington. (Tom Williams, Pool via AP)
Federal Reserve Chair Jerome Powell said Thursday the central bank could raise interest rates by twice its typical pace at its May policy meeting to curb high inflation.
Powell said Thursday there is broad support among Fed officials to raise the bank’s baseline interest rate range by 0.5 percentage points and expedite a planned series of rate hikes.
Annual inflation as measured by the Fed’s preferred gauge, the personal consumption expenditures (PCE) price index, hit 6.4 percent in February, more than three times the bank’s target of 2 percent.
LINK
Federal Reserve Chair Jerome Powell said Thursday the central bank could raise interest rates by twice its typical pace at its May policy meeting to curb high inflation.
Powell said Thursday there is broad support among Fed officials to raise the bank’s baseline interest rate range by 0.5 percentage points and expedite a planned series of rate hikes.
Annual inflation as measured by the Fed’s preferred gauge, the personal consumption expenditures (PCE) price index, hit 6.4 percent in February, more than three times the bank’s target of 2 percent.
LINK
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Posted on 4/21/22 at 1:32 pm to Jbird
This world needs an exorcism. 
Posted on 4/21/22 at 1:41 pm to Jbird
How many barrels of oil will that net us? 
Posted on 4/21/22 at 1:49 pm to Jbird
Thanks Putin.
Posted on 4/21/22 at 1:50 pm to Jbird
Blackrock will be the only entity that could afford entry level housing.
Posted on 4/21/22 at 1:53 pm to Jbird
They will drag their feet on raising rates and inflation will continue to rise.
The Fed helped us into this mess. What makes you think they will get us out.
The Fed helped us into this mess. What makes you think they will get us out.
Posted on 4/21/22 at 1:53 pm to Jbird
frick you Joe and all the commies that voted for you.
Posted on 4/21/22 at 2:02 pm to idlewatcher
Remember when Janet Yellen and the Fed told us inflation was transitory and that we just needed to pass another couple of trillion in spending to get the economy on track?
Posted on 4/21/22 at 2:08 pm to 14&Counting
I want to see what Jerome does with that $9T shite sandwich on the Feds balance sheet. Remember folks, don't nibble
Posted on 4/21/22 at 2:22 pm to Jbird
I’ll be shocked if it happens before the election. Too much negative news they won’t allow
Posted on 4/21/22 at 3:10 pm to llfshoals
And the Democrats spending bills haven't even hit the monetary markets yet. I've said it all along a 9% interest rates by December is an absolute given
Posted on 4/21/22 at 3:50 pm to Jbird
Why can’t we just hike it 2%, I would rather have high interest rates and hold down inflation, but it sounds like we are going to move slowly so we get high inflation & high interest rates.
Posted on 4/21/22 at 3:50 pm to goofball
biggest problem in the natiowide real estate market is companies like blackrock.
Posted on 4/21/22 at 4:14 pm to MrLSU
quote:it will NEVER happen with $30T in debt to service. Almost $3T in debt service with $4T in total federal revenue? And the accompanying recession/depression will likely reduce the revenue number by 10-15%.
I've said it all along a 9% interest rates by December is an absolute given
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