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re: 100 basis points tomorrow, or not?

Posted on 6/15/22 at 1:01 pm to
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135449 posts
Posted on 6/15/22 at 1:01 pm to
quote:

So we either can’t afford anything because it costs too much or we can’t afford anything because we don’t have jobs?

Is that where we’re at?
Yep.
We're at a point where the Fed is trying to stem our Administration's supply-chain-rooted inflation by raising the cost of goods which people already can't afford.

Fed did go 75 BTW (just now)
This post was edited on 6/15/22 at 1:02 pm
Posted by TigerDeBaiter
Member since Dec 2010
10660 posts
Posted on 6/15/22 at 1:04 pm to
Actually surprised they had the guts to deviate from their previous telegraphed message, but they for sure leaked this early.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21078 posts
Posted on 6/15/22 at 1:07 pm to
Unfortunately you may need a few months for this to flush out … rates keep rising (by design) but in turn….. I’m forecasting price suppression into the fall

So—more interest but — lower prices ultimately for at least a little balance
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21078 posts
Posted on 6/15/22 at 1:08 pm to
Political pressure — those in charge are freaking DESPERATE

I mean look at the Fed talking points — RUSSIA and CHINA’s fault

Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21078 posts
Posted on 6/15/22 at 1:21 pm to
Y’all the fun hasn’t even started yet - watch the markets move on his press conference.

It’ll be bonkers based on every word
Posted by LSUcam7
FL
Member since Sep 2016
8845 posts
Posted on 6/15/22 at 1:26 pm to
quote:

Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.


Well… moreso related to the draconian measures the administrations took to close the world down, then subsequent socialist policies adopted to repair that mistake.

But maybe I’m just splitting hairs here
Posted by TigerDeBaiter
Member since Dec 2010
10660 posts
Posted on 6/15/22 at 1:28 pm to
oh, absolutely. im just waiting for the steve liesman "is 100 bps on the table... chuckle chuckle"



Posted by TDTOM
Member since Jan 2021
24556 posts
Posted on 6/15/22 at 1:33 pm to
What did Powell just say to tank the market?
Posted by LSUcam7
FL
Member since Sep 2016
8845 posts
Posted on 6/15/22 at 1:37 pm to
quote:

tank the market?


Quoi?
Posted by jlc05
Member since Nov 2005
33376 posts
Posted on 6/15/22 at 1:39 pm to
75 basis point increase today

50 or 75 increase at next meeting
Posted by zephry801
Member since Dec 2017
436 posts
Posted on 6/15/22 at 1:43 pm to
Market can't make up its mind right now
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35783 posts
Posted on 6/15/22 at 1:44 pm to
My question is, how does what actually happens continue to fail to align with their expectations? These are allegedly the smartest economic minds in the world with access to all the data, yet they keep getting it wrong...whereas the average citizen who was paying attention last year, for example, could've told you inflation was getting worse and was not transitory.
Posted by ronricks
Member since Mar 2021
10921 posts
Posted on 6/15/22 at 1:44 pm to
quote:

50 or 75 increase at next meeting


It's going to be 75 again in July. Then 50 in September.
Posted by Shepherd88
Member since Dec 2013
4878 posts
Posted on 6/15/22 at 1:46 pm to
This is coming straight from Blackrock.

Institutions and the Fed believed inflation was transitory this time last year. In November, when Russia invaded Ukraine, it turned transitory into more permanent. The Shanghai shut down further exasperated the supply chain issue and threw more fuel on that fire.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
43908 posts
Posted on 6/15/22 at 1:47 pm to
Market is bouncing on the news. Dead cat bounce?
Posted by 3nOut
I don't really care, Margaret
Member since Jan 2013
31751 posts
Posted on 6/15/22 at 1:53 pm to
quote:

In November, when Russia invaded Ukraine, it turned transitory into more permanent.



nothing in that sentence is accurate.
Posted by TDTOM
Member since Jan 2021
24556 posts
Posted on 6/15/22 at 1:54 pm to
quote:

Quoi?


At that time the S&P dropped 50 points in three minutes.
Posted by TigerDeBaiter
Member since Dec 2010
10660 posts
Posted on 6/15/22 at 1:57 pm to
slow down rates... rally!!

or speed up... dummmmp!

these days they have computers that are transcribing this in real time and running algorithms and every word. its ridiculous
Posted by TigerDeBaiter
Member since Dec 2010
10660 posts
Posted on 6/15/22 at 2:04 pm to
“The labor market we had before the pandemic is what we need to get back to”

-JaPow


hmmmm, maybe the asinine policies by your "boss" are a large part of the supply side problems that monetary policy cannot solve.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34591 posts
Posted on 6/15/22 at 2:05 pm to
quote:

75 basis point increase today

50 or 75 increase at next meeting


I've been on calls all day, is this what the Fed said or are you speculating?

I'm really surprised they went to 75pts. I didn't think they had the fortitude for that.
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