re: Federal Reserve raised interest rates (.25%) Wednesday for the first time in three years,

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Averages around 7%. 5.41% YoY right now.

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All this fricking around with 80k different price tags every month, plugging them into stupid formulas pulled out of pencil pushing bureaucrat asses is complete and utter bullshite.

Govt spending/govt receipts+total bank lending as a % of gdp=inflation rate, aka the growth in the supply of money. The 400 PhDs at the Fed don't understand this because they all have PhDs in Keynesian Economics, a pseudoscience devoid of mathematical based first principles.

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Not where they say it is is the best I can do, lol.

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Correct. It is higher. Does anyone really believe that prices have been increasing at a rate that starts with a 2? Well, the idiot you are responding does, so I mean anyone with common sense.

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Keynesian Economics

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Nearly every university in the US teaches strictly Keynesian economics nowadays.

Such a flawed view that is forced as the only view onto any students pursuing business degrees

I’m as anti fiat as they come but I don’t completely get the panic over the 10 year trading at 5%. I remember when everyone said it was a really bad thing when the yield curve inverted and the 10 year had a trash yield. Also, there’s a lot of competition for credit right now.

People smarter than me seem worried about it so maybe it is the smoking gun. If so, they clocked it way before me.

I think it’s a sign that liquidity is dry and is nearing a cyclical bottom. It peaked almost a year ago IMO. The rate on the 10 year bottomed out under 4% at the same time.