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Started By
Message
Minneapolis Fed President sees 40% chance of ‘meaningfully higher’ interest rates
Posted on 9/26/23 at 12:48 pm
Posted on 9/26/23 at 12:48 pm
CNBC
quote:
Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation.
In an essay the central bank official posted Tuesday, he said there’s a strong case to be made that the U.S. economy is headed towards a “high-pressure equilibrium.” Such a condition would involve continued growth featuring strong consumer spending and “the economic flywheel spinning.”
quote:
“Once supply factors have fully recovered, is policy tight enough to complete the job of bringing services inflation back to target? It might not be, in which case we would have to push the federal funds rate higher, potentially meaningfully higher,” Kashkari said. “Today I put a 40 percent probability on this scenario.”
6
Posted on 9/26/23 at 12:49 pm to WPBTiger
quote:
“Today I put a 40 percent probability on this scenario.”
I will raise this guy and say it is a 100% chance that fed interest rates are going up again. I will add to that we will have another housing market crash, and we will enter Biden's 3rd recession, which will be too great for the media to redefine.
Posted on 9/26/23 at 12:51 pm to BugAC
I think they do go higher. I took the meaningfully higher to mean a 40% chance we see double digit rates.
Posted on 9/26/23 at 12:52 pm to BugAC
Total shite show.
But I don’t know how we have a housing market crash without massive layoffs and huge numbers of foreclosures.
The inventory isn’t really conducive for it to crash without that.
But I don’t know how we have a housing market crash without massive layoffs and huge numbers of foreclosures.
The inventory isn’t really conducive for it to crash without that.
Posted on 9/26/23 at 12:52 pm to WPBTiger
quote:
Minneapolis Fed President sees 40% chance of ‘meaningfully higher’ interest rates
Posted on 9/26/23 at 12:58 pm to WPBTiger
That guy is a proven bureaucratic fricktard.
Posted on 9/26/23 at 1:02 pm to BugAC
quote:
we will enter Biden's 3rd recession, which will be too great for the media to redefine.
It's the media we're talking about. They'll redefine anything to protect the dems.
Posted on 9/26/23 at 1:03 pm to Hobnailboot
The higher they go the greater are chances of DEPRESSION.
Posted on 9/26/23 at 2:13 pm to LSUvet72
Here comes that 7% Fed Funds rate popping its head out of the shell.
Posted on 9/26/23 at 2:27 pm to WPBTiger
Fine by me.
People and companies that live within their means should be rewarded. Those who pile on too much debt should be punished.
People and companies that live within their means should be rewarded. Those who pile on too much debt should be punished.
Posted on 9/26/23 at 2:34 pm to WPBTiger
Bitcoin really could solve this...
Posted on 9/26/23 at 2:50 pm to WPBTiger
A fed pres saying that an ambiguous adjective like "significantly" higher is a 40% chance in the future; That's like saying nothing.
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