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  • Bullard: Fed rate hikes to date have had "only limited effect on observed inflation"

Added at 8:03am

  • Bullard: Getting into the Zone

    From stlouisfed.org

    Inflation remains unacceptably high, well in excess of the Federal Open Market Committee (FOMC) target of 2%. • During 2022, the FOMC has been moving toward policy settings that will put meaningful downward pressure on inflation in order to return inflation to the 2% target. • This approach has included significant increases in the policy rate as well as a program of balance sheet reduction. • Thus far, the change in the monetary policy stance appears to have had only limited effects on observed inflation, but market pricing suggests disinflation is expected in 2023. The most recent FOMC statement refers to ... (full story)

Pivot soon ... in 2024
Thanks for this news
All my analysis is based on Wyckoff Methods
Go on - hike the interest rate and cause a recession resulting in massive job losses. That will stop people buying and bring down prices. Or is it something more than too many people chasing too few commodities/consumables and those workers making those items getting paid more?
Gold might be a safe bet for now
every Saint has a past. Every Sinner has a Future
Economy 101: set interest rate above the inflation rate if you are fighting to bring down inflation. Bunch of non-elected bozos dragging this problem which themselves created in first place
Quoting turnip15
Go on - hike the interest rate and cause a recession resulting in massive job losses. That will stop people buying and bring down prices. Gold might be a safe bet for now
You got it right on the first sentence - the FED is DETERMINED to kill the USA economy in order to tame inflation. The ONLY WAY to get wage inflation under control is with MASSIVE job cuts/layoffs. That is the ONLY way to get people to take a pay cut.

As for GOLD - forgetaboutit. WHY? The FED wants ALL ASSETS to fall; stock market, gold, EVERYTHING
...because you never know - until you do!
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