The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation. Yet top Fed officials have made clear that any such pause may be brief — more of a “skip” — with another rate hike likely as soon as their next meeting in late July. Fed Chair Jerome Powell and other top policymakers have also indicated that they want to assess how much a pullback in bank lending might be weakening the economy.
Jpow needs to become Volker 2.0 and just rip the band aid off. Let’s go 20%
Lol. Taking full advantage of downvotes being turned off. I can respect that!
What’s karma in the lemmyverse?
To the moon! Let it rip!
They are pausing rate hikes because inflation has slowed down.
Are you divorced from reality?
No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I’ll save you the trouble.
https://ycharts.com/indicators/us_inflation_rate
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren’t very nice in your comment to me.
They’re trying to find the middle ground. More 0% rates would destroy the economy with inflation, but 20% rates would destroy the economy with corporate slowdowns, an epidemic of bank failures, and great-depression scale unemployment. Inflation is high but trending down so they think the current policy is working.
Dude. You how by how much state bonds would drop with such a jump? Silicon valley bank would be peanuts compared to that.
No one said it was going to be easy. Either way we are screwed. Pause? Screwed. Gradual rate hikes? Gradually screwed. Let’s just go all the way and get it over with.
Why do you think that, because of your debt?
Buy the dip?