Fed Chair Jerome Powell says interest rates are 'likely to go higher' than anticipated

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[lloydkinnear]

So much for that "Transitory Inflation". I'm looking forward to the "Transitory Recession" that follows.

[vickigonya]

Yep. In 1983 interest rates were 13% but the banks were paying 13% on CD's. This time Interest rates will skyrocket, and they will pay nothing on savings accounts and CD's watch and see.

[georgemaximus]

He has been saying the same thing over and over again but the market doesn’t seem to care. Keep fighting the fed, the sacrifice will be your portfolio

[johnlennon]

Year-over-year inflation stood at 6.5% in December 2022—the lowest that figure has been in more than a year. Inflation was in line with what economists expected and gave many of them a reason to believe that the peak of inflation may be behind us. I have approximately $150k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[hobarttobor]

decisions meeting by meeting= we have no clue, we play it by ear

[willtwain]

Until the corporate gouge is defeated, inflation will remain high. Enforce monopoly laws.

[aadenmarousek]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[ThomasShelby-xzfk]

So there’s one bad inflation reading and now he’s talking about potentially going 50 basis points? The trajectory is still downward. ENOUGH with the rate hikes.

[TheNatX]

He should just get it over with. One more big rate hike and be done with it. .25 hikes are a waste of time. Rip the bandaid off

[ThomasShelby-xzfk]

These nuts in the Fed need to stop with the rate hikes. They clearly don’t know what they’re doing. It should have never gotten this high in the first place. Now they’re going to break something.

[asodcficc]

i still have not noticed and inflation relief with these rate hikes

[wread]

Jerome’s having a hard time taming Biden’s inflation

[geekworthy]

Lol, of course they are going up! No doubt! As long as it works, it will continue to rise!!! Corporate pricing is what needs to adjusted-too much is simple greed.

[callofduty]

Awesome, I'll be making more on my cash !!! hope they higher it :)

[Chris-xvwd]

Didn’t he say disinflation last meeting?! These boomers are very unimpressive

[dayneholt]

I expect 50, 25, 25 then remains high into 2024. Best wishes ❤.

[vonniofdoom]

Volcker had to increase rates by 20% just to get inflation down again and at that time we were less than a trillion in debt with a gdp 3x higher, this time we have a gdp lower than our debt so that means we would have to raise rates close to 75% just to get inflation down to 3.4 percent which was where inflation was at when volcker was done tightening, so what you have here is a sovereign debt crisis. But on a much more massive scale I predict 40% inflation by the end of this decade, if monetary policy does not change.

[joachimlindback]

Which country will be first to get both 10% unemployment and 10% inflation?

[rs-biyf]

IF YOU do not ask yourself WHO makes money on these rate hikes, YOU ARE A FOOL !

[victorchao]

Horse is out of the barn. What do you expect when you have the ND at 30 T.