Fed raises rate 75 basis points ( as expected), signals that more rate

Sep 21, 2022
12:25:16pm

BigD Coug All-American

hikes may be on the way.

https://www.facebook.com/CBSMoneyWatch/

Federal Reserve hikes key interest rate 0.75 percentage point as it clamps down on inflation

Central bank has hiked its benchmark rate five times in 2022, lifting borrowing costs to their highest level in 14 years.

https://www.cbsnews.com/news/federal-reserve-interest-rate-hike-inflation-2022-09-21/

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BigD Coug

Bio page: BigD Coug
Joined: Dec 14, 2004
Last login: Apr 23, 2024
Total posts: 21,569 (235 FO)

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Messages

Author

Time

Fed raises rate 75 basis points ( as expected), signals that more rate

BigD Coug

9/21/22 12:25pm

Didnt have the stones for 100

Backcountry

9/21/22 12:29pm

Disagree there signalling that they'll keep FFR above todays through 2023 and

shamc

9/21/22 11:13pm

So shortsighted:

JDBlue

9/21/22 12:30pm

doing the right thing years too late is better than nothing

SingleStrapBackpack

9/21/22 12:31pm

Should have done this about 4-5 years ago.

Mitty

9/21/22 12:40pm

I'm surprised it wasn't 100bp

HuskerFan2

9/21/22 12:33pm

I think the "soft landing" ship sailed years ago when we kept kicking the can down the road

SingleStrapBackpack

9/21/22 12:37pm

They haven’t said soft landing in while. And Powell’s comments recently

cougarfann888

9/21/22 12:40pm

The inch-by-inch approach to deal with inflation just extends pain out for years

JDBlue

9/21/22 12:52pm

Um... I was told inflation was transitory.

flyzag

9/21/22 1:31pm

Good start, but a few years too late.

Division Bell

9/21/22 12:44pm

Why? I was told that inflation was under control and/or finished in June.

panacablue

9/21/22 12:47pm

It’s still transitory inflation right?

SwanSong

9/21/22 4:54pm

You can buy large non-perishable items for CHEAP. Lots of deflation if you know

rcbyufan

9/21/22 4:57pm

My guess is that they will overdo it and then have to pull back. I don't know

LifeLongLakerFan

9/21/22 1:08pm

Paul Volcker raised interest rates 10% in 6 months to break inflation; Powell raised only 3% in that time span.

roseyscenario

9/21/22 8:44pm

Was Volker's inflation below 10% though?

shamc

9/21/22 11:15pm

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