Home Investing and Finance The Fed’s price hike tempo is the quickest within the final 40...

The Fed’s price hike tempo is the quickest within the final 40 years, and US mortgage charges have risen to their highest stage since October 2008. Inflation is quite a bit stickier than they thought.

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by silvertomars

The pace of Fed rate hikes is the fastest in the last 40 years… the cost of overstimulating during Covid and then being asleep at the wheel for a whole year, while churning out utter nonsense about inflation being transitory…

 

 

US mortgage rates jumps to the highest since October 2008… everything is fine…

Powell’s Whatever-it-Takes Moment: Policy “WILL Be Enough to Restore Price Stability.” Fed Hikes by 75 Basis Points. Shocker, Sees 4.4% by End of 2022

Bond investors are finally starting to realize that miracles only exist in fairytales… inflation is a lot stickier than they thought… the US 10y is now yielding 3.70% up from 3.50% yesterday…

Rand Paul: ‘We’ve Lost More to Inflation’ Than We Got from Stimulus Checks and We’ll ‘Get More Inflation’

On Wednesday’s broadcast of Newsmax TV’s “Prime News,” Sen. Rand Paul (R-KY) reacted to a report that, due to inflation, the average household will have to spend $11,500 more to maintain the same standard of living by stating that “now we’ve lost more to inflation than they gave us in the form of free money.” And predicted that due to the fact that not all the coronavirus relief money has been spent, there will be more inflation as that money is released into the economy.

Paul said, “What we know for sure is that now we’ve lost more to inflation than they gave us in the form of free money. The inflation came from the free checks that were passed out. They shut the economy down. They sent free checks to everyone. And they said, oh, this will make up for it. But guess what? When people add up how much they’re paying for gas and the grocery store, it’s canceled out all the free money. And I don’t think the inflation’s over by a long shot. There’s still about $2 trillion out there that’s held in the coffers of cities, counties, and state governments that hasn’t been spent yet. As it’s spent and put into the economy, as it chases goods, it’s going to chase the price of our goods higher. We’re going to get more inflation, so this isn’t over.”



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