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Forum » Powell: Fed can maintain higher rates for "as long as needed"
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Thread: Powell: Fed can maintain higher rates for "as long as needed"

post 1700028433 04-18-2024, 06:47 AM
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Powell: Fed can maintain higher rates for "as long as needed"

SUMMARY OF FED CHAIR POWELL'S COMMENTS (4/16/24):

1. Recent data "shows lack of further progress on inflation"

2. Inflation has "introduced new uncertainty" on whether the Fed can cut rates later this year

3. Fed can maintain higher rates for "as long as needed"

4. Recent data has not given greater confidence on inflation

5. Restrictive Fed policy needs more time to work

Also, the average 30-year fixed mortgage rate jumped to 7.50% today. A new 2024 high!







post 1700028443 04-18-2024, 06:49 AM
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post 1700028513 04-18-2024, 06:52 AM
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They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.
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post 1700028543 04-18-2024, 06:53 AM
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Originally Posted By MarioMiami305⏩
They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.
fuk off from my thread queer
post 1700028793 04-18-2024, 07:04 AM
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Originally Posted By MarioMiami305⏩
They can't keep rates this high ( they aren't even high historically) because there are a bunch of companies and banks that are loaded with debt and will be wiped out. Thats the reason he's planning rate cuts when inflation has risen 3 months in a row.

Imagine raising rates to the highest theyve been in over a decade and it not putting a dent on inflation.

Brutal federal reserve L.
Those are zombie companies that deserve to dissolve. They are not a product of a capitalist system but of extravagant overreach.

The rates need to go up high enough to stifle development. If anything, the FED is dragging their feet on this hard. Rates should be two points higher by now.
Jesus wasn't a pacifist
post 1700028803 04-18-2024, 07:05 AM
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we've peaked stock market boys as of last week, heard it here. 20% correction over the next 60 days
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post 1700029003 04-18-2024, 07:13 AM
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Originally Posted By 4g64fiero⏩
Those are zombie companies that deserve to dissolve. They are not a product of a capitalist system but of extravagant overreach.

The rates need to go up high enough to stifle development. If anything, the FED is dragging their feet on this hard. Rates should be two points higher by now.
There are a ton of banks that are loaded with debt that are insolvent

Just remember if we get a financial crisis, we won't be able to bail these banks out again. We already have an inflation problem, the Fed gonna print more money for bailouts?

Were literally headed for a huge financial crisis and the rise in gold proves this.

Game over for the fed.
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post 1700029133 04-18-2024, 07:17 AM
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post 1700029383 04-18-2024, 07:25 AM
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Originally Posted By MarioMiami305⏩
There are a ton of banks that are loaded with debt that are insolvent

Just remember if we get a financial crisis, we won't be able to bail these banks out again. We already have an inflation problem, the Fed gonna print more money for bailouts?

Were literally headed for a huge financial crisis and the rise in gold proves this.

Game over for the fed.
Hopefully the fed doesn't and they fail. We all know that will never happen, but the closer we get there, the better.
Jesus wasn't a pacifist
post 1700030373 04-18-2024, 07:52 AM
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Sad!
post 1700039653 04-18-2024, 12:24 PM
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Could be a decade before we ever see sub 4% mortgage rates again for all we know, it's literally fkn over for rent-cels as they will need to be renters forever
post 1700042393 04-18-2024, 01:47 PM
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Our economy is a massive house of cards. What will be the first card pulled out that triggers the entire fall? I've been racking my brain trying to figure out what it could be, because there is always a "linchpin" that gets pulled out, something that triggers it.
see multiplemiggs sig

Pureblood Crew
post 1700043143 04-18-2024, 02:09 PM
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Even when they do cut the Fed Funds rate it’ll probably only be to like 4%, and treasury yields probably won’t come down at the same pace
post 1700043773 04-18-2024, 02:19 PM
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Boom/Bust Economic Cycles. It's a thing. Peaks and Valleys. Upper-Middle-to-High-Income Jonsers living the paycheck-to-paycheck LifeStyle-Inflation BiggerHouse, More Expensive Automobile than needed, and MORE TOYS will always get caught in the rain without an umbrella when the BUST happens again......
post 1700044023 04-18-2024, 02:27 PM
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Buy gold morons
post 1700044043 04-18-2024, 02:28 PM
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Originally Posted By claudio_snchz⏩
Our economy is a massive house of cards. What will be the first card pulled out that triggers the entire fall? I've been racking my brain trying to figure out what it could be, because there is always a "linchpin" that gets pulled out, something that triggers it.
commercial real estate and whatever jew machinations were used to finance it
post 1700044253 04-18-2024, 02:33 PM
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Just lmao at people who talk about rate cuts....

The economy is being held together with string and boogers. What they need to do will crash the economy. Just trying to drag it out past this next election...
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