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Started By
Message
Federal Reserve Bank of Cleveland President sees no 'compelling' reason to pause rate hike
Posted on 5/31/23 at 2:10 pm
Posted on 5/31/23 at 2:10 pm
It seems to me that the Fed's interest rate lever is a very blunt instrument that will do disproportionate damage mostly to those who can least afford it. The DC Swamp printing money like there is no tomorrow was a big factor that has been somewhat reigned in now. One of the big remaining factors is the supply chain which Brandon's clutch seems to try to sabotage at every turn.
Federal Reserve Bank of Cleveland President sees no 'compelling' reason to pause rate hikes: report
https://www.foxbusiness.com/economy/federal-reserve-bank-cleveland-president-sees-no-compelling-reason-pause-rate-hikes-report
Federal Reserve Bank of Cleveland President sees no 'compelling' reason to pause rate hikes: report
https://www.foxbusiness.com/economy/federal-reserve-bank-cleveland-president-sees-no-compelling-reason-pause-rate-hikes-report
4
Posted on 5/31/23 at 2:28 pm to Auburn1968
He’s a non voting member for 2023
Posted on 5/31/23 at 2:29 pm to Shepherd88
He is signaling what everyone already knows, interest rates are going up again.
Posted on 5/31/23 at 5:13 pm to Auburn1968
LINK
quote:
Breaking: Federal Reserve officials signaled they are increasingly likely to hold rates steady at their June meeting, before preparing to raise them again later this summer
Posted on 5/31/23 at 6:05 pm to Auburn1968
It's amazing how unwilling people have been to embrace the obvious.
Posted on 5/31/23 at 6:12 pm to Shepherd88
quote:Okay, but he's a she....
He’s a non voting member for 2023
Loretta Mester, president of the Federal Reserve Bank of Cleveland
...allegedly.
Posted on 5/31/23 at 6:32 pm to Auburn1968
I know this may sound like a dumb argument but with the issues with the debt ceiling wouldn’t the Fed increasing interest rates keep increasing the debt payments on the US national debt.
At what point does the Fed realize that they are making the US debt problem worse by increasing rates.
At the rate we are going, the treasury is doing transfers on treasuries is like a person doing a balance transfer from one credit card to another, but instead of chasing a lower rate the rates keep increasing hence making the debt problem worse.
I know the Fed is trying to get a handle on inflation rates, but what success has that done by increasing interest rates. As interest increases and the debt continues to grow, eventually the US will not receive enough in taxes to cover interest on the debt. What will the US do then?
At what point does the Fed realize that they are making the US debt problem worse by increasing rates.
At the rate we are going, the treasury is doing transfers on treasuries is like a person doing a balance transfer from one credit card to another, but instead of chasing a lower rate the rates keep increasing hence making the debt problem worse.
I know the Fed is trying to get a handle on inflation rates, but what success has that done by increasing interest rates. As interest increases and the debt continues to grow, eventually the US will not receive enough in taxes to cover interest on the debt. What will the US do then?
Posted on 5/31/23 at 6:44 pm to LSURussian
You asking us to make a judgement based on that photo?
Posted on 5/31/23 at 7:22 pm to FreddieMac
quote:
He is signaling what everyone already knows, interest rates are going up again.
The market is betting on a pause actually. We are at a 30% chance for a rate hike and a 70% chance for a pause.
Posted on 5/31/23 at 7:27 pm to I Love Bama
Then there's definitely going to be an increase
Posted on 5/31/23 at 7:36 pm to I Love Bama
quote:
The market is betting on a pause actually. We are at a 30% chance for a rate hike and a 70% chance for a pause.
Maybe but inflation rose in April, I am betting on a hike.
Posted on 6/1/23 at 9:20 am to Tarps99
quote:
I know the Fed is trying to get a handle on inflation rates, but what success has that done by increasing interest rates. As interest increases and the debt continues to grow, eventually the US will not receive enough in taxes to cover interest on the debt. What will the US do then?
I saw something related back in the 1970's NYC. The City had borrowed so much for "social engineering" with the promise of great future rewards, that debt maintenance alone resulted in over a decade of neglect of the most basic infrastructure. Lucky the bridges didn't fall into a pothole.
Posted on 6/1/23 at 9:58 am to AllDayEveryDay
quote:
Then there's definitely going to be an increase
Why would you say that when the market is almost always right in regards to rate hikes?
LINK
Posted on 6/1/23 at 10:00 am to FreddieMac
quote:
Maybe but inflation rose in April, I am betting on a hike.
I hope. More we hike, the closer I get to winning my bet with Big_Sur
Posted on 6/1/23 at 10:11 am to Auburn1968
quote:
I saw something related back in the 1970's NYC. The City had borrowed so much for "social engineering" with the promise of great future rewards, that debt maintenance alone resulted in over a decade of neglect of the most basic infrastructure. Lucky the bridges didn't fall into a pothole.
The CBO is projecting that with the current trajectory of spending, debt servicing will surpass Medicaid and Defense spending within 10-15 years (Social Security would likely not be far behind).
Once we reach a point where debt servicing is outpacing Defense spending, I don't think there's any way back from that as Congress has proven time and again it won't cut total spending (only the rate of spending growth).
Posted on 6/1/23 at 11:43 am to Tarps99
They also have to increase the interest rate to attract buyers to treasuries, no?
Posted on 6/1/23 at 2:26 pm to BobRoss
quote:no
They also have to increase the interest rate to attract buyers to treasuries, no?
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