The Fed moves up its timeline for rate hikes as inflation rises

The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates.

"You can think of this meeting that we had as the 'talking about talking about' meeting," Powell said in a phrase that recalled a statement he made a year ago that the Fed wasn't "thinking about thinking about raising rates." Though the Fed raised its headline inflation expectation to 3.4%, a full percentage point higher than the March projection, the post-meeting statement continued to say that inflation pressures are "transitory." The raised expectations come amid the biggest rise in consumer prices in about 13 years.

"If you're going to get two rate hikes in 2023, you have to start tapering fairly soon to reach that goal," said Kathy Jones, head of fixed income at Charles Schwab. "It takes maybe 10 months to a year to taper at a moderate pace. Then you're looking at we need to start tapering maybe later this year, and if the economy continues to run a little bit hot, rate hikes sooner rather than later.

elerianm FUD.

elerianm I think this guy needs to worry about him, as he is wrong all the time.

elerianm Powell failed to forecast inflation this year ,his model sucks !!! So now how with the same maccro model he can forecast something in 2022 ot 2023 . Just bullshit Powell

elerianm Not policy mistake but policy disaster.

elerianm What about the reverse repo problem and too much cash in the system? The Fed will continue QE because they are trapped.

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elerianm A lot of people are worried that inflation hawks will pressure the Fed into making a policy mistake. Fortunately, they seem smarter than that.

elerianm thanks

elerianm DOJ BJA OJP Whistleblower Act Violations and Retaliation. Whistleblowers are the gateway to equality. Notice of Appeal being filed. 20:12 mark

Release more tokens for the people

So that’s good, right?

We need to stay competitive with the big red dragon!!!

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