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Fed Hikes Benchmark Rate by 25 Basis Points, Signals More Increases to Come
Posted on 2/1/23 at 3:12 pm
Posted on 2/1/23 at 3:12 pm
I thought everything was under control now.
LINK
quote:
The Federal Reserve continued its campaign to bring down inflation by approving an increase in its benchmark interest rate of one-quarter of a percentage point, saying it anticipates further increases in the future.
Officials agreed Wednesday to lift the federal funds rate to a range between 4.50 percent and 4.75 percent, the highest since 2007.
quote:
“The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time,” the Federal Reserve’s Federal Open Market Committee (FOMC) said in a statement.
LINK
4
Posted on 2/1/23 at 3:25 pm to Jjdoc
The stock market popped nicely this afternoon - after people who actual understand this (and form their own opinions) had analyzed the Fed's action.
This post was edited on 2/1/23 at 3:26 pm
Posted on 2/1/23 at 3:52 pm to Red Stick Rambler
Exactly. All the goldheads around here screaming “collapse imminent!” are gonna set themselves up to get cucked, yet again
Posted on 2/1/23 at 4:02 pm to PrecedentedTimes
quote:
Exactly. All the goldheads around here screaming “collapse imminent!” are gonna set themselves up to get cucked, yet again
Those frickers have been idiots from day 1. They just want to will us into collapse so they can say (81 millions vote derrrrr!)
Posted on 2/1/23 at 4:12 pm to Jjdoc
quote:Well, the market says it is perfectly under control.
I thought everything was under control now.
As someone with a truckload of cash on the sidelines, this market reaction (18X earnings) makes about as much sense as TSLA did at $400 or BTC at $60K. But it is what it is. I've been waiting for a pullback since the Oct run. Nothing! It's my worst market miss since going all-in in Feb 2009. Capitulating to 4% FIMs.
Posted on 2/1/23 at 4:12 pm to Jjdoc
I wish I knew what the equity markets know. Based on daily headlines, the economic fundamentals don't seem to support these increases in the S&P, NASDAQ, etc. Layoffs, shadow unemployment... yet markets are green. Very strange.
Posted on 2/1/23 at 4:14 pm to Jjdoc
I’m just glad the adults are back in charge
Posted on 2/1/23 at 4:38 pm to TerryDawg03
quote:they know Powell will ultimately fold.
I wish I knew what the equity markets know.
Posted on 2/1/23 at 5:03 pm to Red Stick Rambler
.25 was expected, but .5 was feared.
Posted on 2/1/23 at 5:54 pm to Red Stick Rambler
quote:This is true.
The stock market popped nicely this afternoon - after people who actual understand this (and form their own opinions) had analyzed the Fed's action.
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