Fed to Finish the Taper in Early March, then Raise Rates

The markets remained fairly flat on the release of the FOMC Statement today, largely due to the fact that expectations were fairly accurate about the near future of monetary policy and were priced in already. The Fed will finish purchasing assets in early March and plans to start raising rates afterwards.

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#fomc #inflation #taper

[puravida]

Instead of a press conference, Powell should be appearing in a Federal Court Room. On RICO, money laundering, insider trading and criminal conspiracy to destroy the economy.

[rd-And-Long]

Powell waited to long to shut the printers off, the market is so drunk on cash. Him slamming the breaks on is a disaster. We should have started easing last year when the market showed strength

[thmphll]

"The reopening of the economy" God I hate that term, the economy never closed.

[jk]

So that all sounds like rates should of been raised NOW

[WingsOfDomesticViolence]

"Strong Labor Market" - Almost as strong as generic tin foil

[sketchyjoe]

Appreciate your interpretation Joe. Legendary work

[johnbirman]

Key words from Press Conference”
“Less Accommodating” to “Not Accommodating”
Translation: The Easy Money Policies are Over. As long as Employment is Strong- meaning Job Vacancies are available.... So Get a Job or ....; And the other side of the coin: We ain’t Padding your Profits No Mo’.
A very Hawkish stand.

[saltydog]

If They're doctoring the coof #'s, They're doctoring everything!

[davidpatton]

Thanks Fed, yer the best. How does any economy function without a powerful cabal of economic micromanagers? Unthinkable scenario. Whew!

[KarlVanDuyn]

lies....on top of lies....oh....and more LIES

[SM-oswq]

Hey Joe,
Your carnivore diet video on New Years inspired me, I’ve dropped 10 lbs in the last 3.5 weeks. Thanks for all you do.

[pepleatherlab]

I'm 50 years old and never in my life have I understood, conceptually or realistically, how the Federal Reserve could mandate Job Creation. It barely understands economics and is totally clueless as to how businesses function or the nature of production. How many businesses has Jerome Powell or his fellow cronies ever operated? *NONE* Having followed their mismanagement for half my life I would also add that everything they've done has been counter productive and detrimental to businesses across the nation. The beatings will continue until logic prevails. Sadly, it's the Fed delivering the lashes to the USD because our political elites are just as ignorant about economics as they are. If the Fed catches fire🔥🏛🔥, I suggest bringing the marshmallows and singing 🎵Hit the road Jack..🎵

[califloridian]

So they're basically kicking the can down the road ?

[covercalls]

Thanks for the summary as I missed Powell speech.

[Agooo]

I listened to the press conference and I am officially a bear now.

[joeshmoe]

The markets being flat is encouraging as an indication that their tapering and rate plan is pretty much already all priced in and there were no surprises. There is still another shoe to drop though. Around 8.5 trillion on the fed balance sheet and what are they planning to do as all those bonds mature? The announced “plan” is no plan, just a list of platitudes. My bet is they have no idea either. Even for the fed, 8.5 trillion is a whole lot of money to have to slosh around.

[bgradeeconomics]

Joe, I’m not gonna argue the minimums, but the balance sheet has continued at the same rate since July 2021

[anthonyshattuck]

There should be no company to big to fail in a capitalistic economy. If your ceo buries your company some other companies will pick up the slack that's capitalism. The sad thing about this though is that all the lowly workers at the bottom get destroyed. No college for these kids, no vacations for these kids, no health care for these kids it goes on and on.In the mean time theCEO gets generational wealth .His grandchildren may not even have to work this is wrong.
It's time stick together you must have a voice in your company or work for a ceo that actually cares about his people from bottom to top.
Unfortunately there was a study done and I forget which university did it but they come to the conclusion that a high percentage of CEO, s have as much empathy as a serial killer. Mind blowing but yet not surprising.

[j.macjordan]

So... Was that release meant to convey meaning? I mean, I'm literate & all...but that seemed to be a ~morass of words...(?)

[kenarmstrong]

So the "unexpected" black swans ALL have to hit us in February, so they don't actually have to do what we all know they cannot actually do...