Menu
Sister Sites

  • Fed Governor Bowman says additional rate hike could be needed if inflation stays high

    From cnbc.com

    Federal Reserve Governor Michelle Bowman said Friday that it’s possible interest rates may have to move higher to control inflation, rather than the cuts her fellow officials have indicated are likely and that the market is expecting. Noting a number of potential upside risks to inflation, Bowman said policymakers need to be careful not to ease policy too quickly. “While it is not my baseline outlook, I continue to see the risk that at a future meeting we may need to increase the policy rate further should progress on inflation stall or even reverse,” she said in prepared remarks for a speech to a group of Fed ... (full story)

OMG a reality check from someone in the Fed, albeit loaded with caveats. But still, it's the first showing that one of them might actually be living in the same land as the rest of us.

So this week so far, we've gone from 3-4 cuts to 2, then to maybe 1, then maybe none this year, and now a flag about hiking instead of cutting (depending on who is doing the talking). Still it does speak volumes about the back-tracking that is going on behind the scenes.
Let's go DODGERS !!
Goldilocks got such a fright, she jumped out of bed and ran to the window. She climbed out of the window and she ran and ran and ran. The three bears never saw Goldilocks again. And that is the end of the story.
"If The Fool persists in his Folly he will become wise." - William Blake
Yes , the Fed folded too soon and are now quickly back tracking. It’s been evident to most of us for months if you follow the data.

They should have crushed it while they had the chance. Hard to put the genie back in the bottle .
The one thing they were controlling was energy .
Oil has since risen 20% and that’s a massive inflationary influence, the freight charges haven’t been fed into the pipeline yet and there’s so many more to come.
  • New Comment
  •  Guest
  • | IP XX.XXX.247.152
Join FF
  • Story Stats

  • Related Stories