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re: CPI comes in hotter than expected, futures down 1%+
Posted on 4/10/24 at 1:21 pm to Bard
Posted on 4/10/24 at 1:21 pm to Bard
Everyone knows what has to happen. Powell needs to hold firm on rates (if not push higher) and Congress needs to be put on the spot to do something about debt. It’s not going to happen though until there’s blood in the streets.
If Powell cuts into this inflationary environment just so we can afford the interest on our debt I’ll be seriously worried about what comes next.
If Powell cuts into this inflationary environment just so we can afford the interest on our debt I’ll be seriously worried about what comes next.
Posted on 4/10/24 at 2:47 pm to SquatchDawg
quote:
Everyone knows what has to happen. Powell needs to hold firm on rates (if not push higher) and Congress needs to be put on the spot to do something about debt. It’s not going to happen though until there’s blood in the streets.
If Powell cuts into this inflationary environment just so we can afford the interest on our debt I’ll be seriously worried about what comes next.
I agree. It is kind of frightening how little ability there is in Washington to cut spending. We have outspent ourselves into a corner, and yet voters keep sending people to Washington that will push us deeper into a corner.
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