A hub for independent voices and hard truths
A strong majority of Federal Reserve policy makers say “it will be appropriate to raise interest rates two or more times by the end of the year,” Fed Chair Jerome Powell said during a speech at the Bank of Spain …
by UstaTheStockMan He stressed a need for more rate hikes ( Quantitative tightening ) after his one month tactical pause which was done to run bank stress test . He now says there is a need for two more rate …
by confoundedinterest17 Fed’s Powell to double down of hawish rate message. Or banks and consumers can expect no sugar tonight. Expect a hawkish Fed Chairman Jerome Powell to double down on the Fed’s commitment to vanquish inflation at his semiannual testimony …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/testimony/powell20230621a.htm Highlights: We at the Fed remain squarely focused on our dual mandate to promote maximum employment and stable prices for the American people. My colleagues and I understand the hardship that high inflation is causing, and we …
by confoundedinterest17 As I discussed yesterday, the Misey Index under Biden remains elevated compared to that of Trump pre-Covid despite massive financial stimulus from Green Man (The Federal Reserve under Jerome Powell). Now we have more evidence of an impending recession …
by confoundedinterest17 Foul Powell on the Prowl! Federal Reserve policymakers are about to take their first break from an interest-rate hiking campaign that started 15 months ago, even as they confront a resilient US economy and persistent inflation. The Federal …
They’re removing money from the system: TGA filling is just one of many liquidity drain factors the market is currently facing 1) Powell QT in full force,down ~50B in a wkdown ~100B in last 2 wks + more coming 2) …
RELAX everything’s going to be fine, if there was ANY chance of collapse all the “experts” on the main collapse subreddit would be all over this. /s via realclearmarkets: “In purely technical terms, all these together are betting heavily on …