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Here’s everything the Federal Reserve is expected to do today
Posted on 9/21/22 at 7:54 am
Posted on 9/21/22 at 7:54 am
quote:
There’s not a lot of mystery surrounding Wednesday’s Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive three-quarter point interest rate hike.
While the Fed almost certainly will deliver what the market has ordered, it has plenty of other items on its docket that will catch Wall Street’s attention.
Here’s a quick rundown of what to expect from the rate-setting Federal Open Market Committee meeting:
Rates: In its continuing quest to tackle runaway inflation, the Fed almost certainly will approve a 0.75 percentage point hike that will take its benchmark rate up to a target range of 3%-3.25%. That’s the highest the fed funds rate has been since early 2008. Markets are pricing in a slight chance for a full 1 percentage point hike, something the Fed has never done since it started using the fed funds rate as its primary policy tool in 1990.
quote:
Economic outlook: Part of this week’s meeting will see Fed officials issue their quarterly update of their interest rate and economic outlook. While the Summary of Economic Projections is not an official forecast, it does provide insight into where policymakers see various metrics and interest rates heading. The SEP includes estimates for GDP, unemployment and inflation as gauged by the personal consumption expenditures price index.
LINK
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Posted on 9/21/22 at 7:56 am to RLDSC FAN
End the fed. Its time
Posted on 9/21/22 at 7:57 am to RLDSC FAN
Until people you know start losing their job. Expect rates to continue going up.
Posted on 9/21/22 at 7:57 am to RLDSC FAN
And yet Republicans will likely gain only a modest amount of power even as the Democrats try to hand them congress on a silver platter
Posted on 9/21/22 at 8:03 am to lsu13lsu
quote:
Until people you know start losing their job. Expect rates to continue going up.
Rates should have gone up years ago. It may already be too late and we may see stagflation very soon. Raising rates while this administration does not stop printing money will lead to a crash never seen before.
They want to send another $12 billion to Ukraine FYI
Posted on 9/21/22 at 8:07 am to RLDSC FAN
No one likes to hear it but the rates need to go up. I hope they go a full point. Rates are still at an historically lower level considering where inflation is. We should have never gotten to this point, and I blame our shitty politicians, but at this point raising rates is the only way out of this mess, but only if we also stop printing so much damn fake money.
Posted on 9/21/22 at 8:10 am to stout
quote:
Rates should have gone up years ago. It may already be too late and we may see stagflation very soon.
Pretty sure stagflation is why a certain president was pressuring the fed last half of 2019 for those 3 rate drops. That dumbass seriously wanted 0%
Posted on 9/21/22 at 8:13 am to azcatiger
quote:
the rates need to go up. I hope they go a full point. Rates are still at an historically lower level considering where inflation is. We should have never gotten to this point, and I blame our shitty politicians
+1
Posted on 9/21/22 at 8:14 am to stout
quote:
End the fed. Its time
Beside the very obvious reasons....this "meeting" is simply to be sure that the wording used is friendly to this financially useless administration.
Posted on 9/21/22 at 8:14 am to RLDSC FAN
As the Fed continues to raise rates, the cost of debt in the USA will also increase.
We are going to be paying almost as much in interest payments as we do for our entire defense budget.
We are going to be paying almost as much in interest payments as we do for our entire defense budget.
Posted on 9/21/22 at 8:16 am to upgrayedd
quote:
And yet Republicans will likely gain only a modest amount of power even as the Democrats try to hand them congress on a silver platter
That's what happens when you pander to the extremes of your party and ignore the moderates (Dems are just as guilty).
Posted on 9/21/22 at 8:17 am to RLDSC FAN
quote:
Rates: In its continuing quest to tackle runaway inflation, the Fed almost certainly will approve a 0.75 percentage point hike
They still don’t know that there is a recession. They are late.
Just like they were late in dealing with inflation to begin with.
Posted on 9/21/22 at 8:18 am to seawolf06
quote:
We are going to be paying almost as much in interest payments as we do for our entire defense budget.
The Fed is in a pickle as they need to drastically raise rates to cool things off but in doing so they know the USA will default on its debt as the interest charges on the debt alone will climb to massive levels.
Posted on 9/21/22 at 8:18 am to BottomlandBrew
quote:
That's what happens when you pander to the extremes of your party
Border security and law enforcement aren’t extreme expectations.
Posted on 9/21/22 at 8:19 am to RLDSC FAN
Even a point will be meaningless, it will do nothing. Actual inflation is closer to 17%
Posted on 9/21/22 at 8:23 am to RLDSC FAN
So the 1 basis point increase is priced in. Meaning anything less will cause a bump in the market, and people will pat themselves on the back.
Posted on 9/21/22 at 8:24 am to RLDSC FAN
quote:
the Fed almost certainly will approve a 0.75 percentage point hike that will take its benchmark rate up to a target range of 3%-3.25%
Savings accounts finna eat
Posted on 9/21/22 at 8:25 am to stout
quote:
End the fed. Its time
For the second time. Andrew Jackson did it the first time.
"President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank, on September 10, 1833. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War."
And it is my opinion that putting Jackson on the $20 bill is a FU to Jackson by the Fed.
This post was edited on 9/21/22 at 8:27 am
Posted on 9/21/22 at 8:27 am to seawolf06
quote:
We are going to be paying almost as much in interest payments as we do for our entire defense budget.
And who do we pay that to?
Posted on 9/21/22 at 8:38 am to BottomlandBrew
quote:
That's what happens when you pander to the extremes of your party and ignore the moderates (Dems are just as guilty).
No, this is what happens when your strategy is a reactionary one and not a proactive one.
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