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Spot on. Listen to the language the Fed uses and this is the clear answer, recently they have been saying things like "we still have a lot of work to do on inf
by TinyRick 4y ago
Spot on. Listen to the language the Fed uses and this is the clear answer, recently they have been saying things like "we still have a lot of work to do on inflation", "the banking sector is resilient", etc.
- kjksf 4y agoThis is the same FED who said "inflation is temporary" and then hiked rates like krazy. I'm not saying this is proof that they won't hike rates, just that what they say should be heavily discounted. They might just pivot on a dime. What I find interesting is that literally everyone is saying that FED is wrong. Like find me anyone outside FED that says: yeah, rising rates is good. Granted, many people who comment (wall street) have self-interest in rates being low but I don't think there's any notable economist who isn't critical of FED.
- TinyRick 4y agoFWIW I'm not suggesting that the Fed should or will continue to hike rates. I think they are going to pause rate hikes in the near term and wait for more data to ensure inflation does not become entrenched. The parent comment I replied to said "the Fed is not going to cut rates" which I agree with - but I also don't think they are going to hike rates either.