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RLDSC FAN
Southern Cal Fan
Rancho Cucamonga, CA
Member since Nov 2008
46399 posts

Here’s everything the Federal Reserve is expected to do today

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


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
157352 posts
 Online 

End the fed. Its time


lsu13lsu
Member since Jan 2008
10582 posts
 Online 

Until people you know start losing their job. Expect rates to continue going up.


upgrayedd
US Space Force Fan
Lifting at Tobin's house
Member since Mar 2013
131167 posts

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


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
157352 posts
 Online 

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



azcatiger
LSU Fan
somewhere
Member since Mar 2011
3665 posts
 Online 

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.


MoarKilometers
Alabama Fan
Member since Apr 2015
14734 posts

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%


IAmNERD
Auburn Fan
Member since May 2017
16255 posts
 Online 

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


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Screaming Viking
LSU Fan
Member since Jul 2013
3445 posts

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.


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30
seawolf06
LSU Fan
Raleigh, NC
Member since Oct 2007
8135 posts

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.


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BottomlandBrew
LSU Fan
Member since Aug 2010
25444 posts

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).


goofball
Navy Fan
Member since Mar 2015
15923 posts

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.


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61
bayoudude
LSU Fan
Member since Dec 2007
23400 posts

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.


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43
goofball
Navy Fan
Member since Mar 2015
15923 posts

quote:

That's what happens when you pander to the extremes of your party


Border security and law enforcement aren’t extreme expectations.


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230
Strannix
USA Fan
District 11
Member since Dec 2012
44335 posts

Even a point will be meaningless, it will do nothing. Actual inflation is closer to 17%


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93
KamaCausey_LSU
Member since Apr 2013
11420 posts
 Online 

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.


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10
whiskey over ice
LSU Fan
Member since Sep 2020
2362 posts

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


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40
Langland
US Space Force Fan
Trumplandia
Member since Apr 2014
15194 posts

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 at 8:27 am


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80
BamaCoaster
LSU Fan
God's Gulf
Member since Apr 2016
4278 posts

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?


upgrayedd
US Space Force Fan
Lifting at Tobin's house
Member since Mar 2013
131167 posts

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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