Will the FED hike rates today?

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The soft landing they have been trying for is doing more damage to the middle class vs just letting shite hit the fan and getting it over with. Just prolonging the misery

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Yep. They should have ripped the band-aid off and jacked rates up to 12-14% in 2021, shocking the system, allow markets to adjust, and then incrementally raise or lower rates accordingly.

I think they hold steady and hope that July and August were anomalies (a continued pause is also the consensus among most economists). That said, if September numbers come out and they are anything like July/August, there's absolutely no way they don't hike another quarter-point at the October meeting.

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The soft landing they have been trying for is doing more damage to the middle class vs just letting shite hit the fan and getting it over with. Just prolonging the misery

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I've said for a very long time now that a "soft landing" was likely impossible and that we would be lucky to get out of this with just stagflation. As deficit spending and Biden's desire to cripple the O&G industry for the sake of "green" initiatives, inflation is remaining too sticky for the rate hikes to work in the time period the Fed was hoping for.

Meanwhile... I've been listening to the increase of news stories subtly trying to bash "extreme right-wing" members of the House over the possible upcoming government shutdown (due to them wanting more spending cuts, WHICH IS WHAT IS frickING NEEDED). They are beginning to create fear narratives where they should be explaining why cuts are important to fight the inflation that's dragging the country down.

You should feel good paying more since it means sending billion$ to Ukraine, Jack.

The Fed is facing a real reckoning and the odds the American people are about to get wrecked is increasing.

$33 trillion in US debt, $2 trillion annual deficits, $1 trillion annually to service the debt, inflation is ticking up.....the Fed has a problem because they were 100% complicit in allowing the Federal government to continue to fill a fiat money trough for the well connected and the American people are going to take the brunt of the pain.....as usual.

The farmer is the Federal Reserve, the bucket of slop is the fiat currency, the trough is the Federal government, the huge hogs are the well connected getting their cheap money before the masses and the little piggies are the American people.

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As deficit spending and Biden's desire to cripple the O&G industry for the sake of "green" initiatives,

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I'm sure he has wanted to do this, but it's not happening. We are producing at near record levels and may top the record soon for U.S. oil and gas production.

And what needs to happen in the big picture is that the middle and lower class needs to stop spending fcking money like a drunken sailor.

If the Fed hikes rates, does that mean that the payments on the National Debt go up accordingly?

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You should feel good paying more since it means sending billion$ to Ukraine, Jack.

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You misread my post. I am saying the entire Biden WH and cabinet is responsible for the current runaway inflation because for the whole year of 2021, they irresponsibly lied about inflation/supply chains being temporary. What I stated was that Powell had his hands tied in the first 11 months of 2021 because Biden intentionally held up his nomination as FOMC chair.

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I'm sure he has wanted to do this, but it's not happening. We are producing at near record levels and may top the record soon for U.S. oil and gas production.

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Except that LINK ]it is happening. He's been shutting down access to swaths of federal territory (which drives price up through futures trading) and our refining capacity is still ~400-600 million barrels per day behind where we were pre-COVID (cost increase through supply vs demand).

Along with that, he's increased the ethanol mandate for gasoline by 50%, which is a net increase in cost due to ethanol having ~30% less energy than gasoline, and that's before the extra cost needed to produce ethanol and then blend it into gasoline (the cost can vary, based on the price of corn).

Gasoline and Ethanol prices:



Gasoline and Ethanol prices adjusted for energy content:



This is why you don't see corn farmers using ethanol to farm corn, it's a net money loser.

What aggravates me is they tie all this shite to mortgage and bank companies.

Everyone ends up with similar interest rates. You can't really shop around.

We've been looking to move and have been banking with USAA for years. Paid off both vehicles through them and never missed a payment.

Seems like they should be able to charge us whatever interest rate they want and feel comfortable with risk wise based on my history of never missing a payment.

Instead of making some money from a loan they get nothing while we wait and see how the market goes.

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What does this mean?

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It means exactly what it means. Ethanol doesn't have the BTUs to be a self-sustaining energy source for farming (meaning it doesn't produce enough energy for it to be profitable if farmers were to use 100% ethanol fuels for planting and harvesting). Any farmer trying to do so would quickly find themselves losing money as the cost of all that extra ethanol would use up any potential profits (and more).