“‘How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do “whatever it takes.”’”
Read the whole thread for the flavor. Ackman’s beef is that the Fed, despite raising rates by an outsize 50 basis points, or half a percentage point, earlier this month and signaling at least two more half-point hikes are in store at coming meetings, is set to remain well behind the curve. Atlanta Fed President Raphael Bostic on Monday said a September pause in rate increases to reassess could make sense, according to news reports.
Is he the same guy who was crying on TV during COVID crash? Not interested!
Powell said that already
And the craziness in the stock market has absolutely nothing to do with algorithmic trading… tech designed by humans to make nothing but profits on paper…lol
The two primary underlying causes of inflation are the Ukraine war & the supply chain issues. Those are out of the Fed's control and increasing interest rates will not help. Meanwhile the Fed is raising rates, as they should, to counter the other areas impacting inflation.
Pain is the point of this admin. Been very clear since day one.
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