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re: CPI comes in hotter than expected, futures down 1%+

Posted on 4/10/24 at 1:21 pm to
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14895 posts
Posted on 4/10/24 at 1:21 pm to
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.
Posted by BottomlandBrew
Member since Aug 2010
27505 posts
Posted on 4/10/24 at 2:47 pm to
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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