INFLATION--FED announces 0.50% interest rate cut

Monahorns said:
Not refineries!
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An astute Democratic Party administration would re-label these as the "chemical industry" (which they actually are...) and strongly promote them. There's a big 340k barrel per day oil refinery (chemical plant) in Philadelphia, right by his native Delaware, that currently sits idle.
 
Agree on the dollar vs the yuan.

The world is NOT about to go to the Chinese currency. If you think the dollar can be unstable, you ain't seen nothing yet.
 
Fed's Williams says Fed needs more rate rises to cool inflation

"NEW YORK, Jan 19 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and sees signs inflationary pressures might be starting to cool off from torrid levels.

“With inflation still high and indications of continued supply-demand imbalances, it is clear that monetary policy still has more work to do to bring inflation down to our 2% goal on a sustained basis,”"
 
nashhorn said:
BS Chop, most of them couldn’t care less.
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images
 
If I was Fed Chairman (and it's a good thing I'm not...), I'd probably do a series of 0.25% hikes, only stopping in the Fall. If inflation starts rising after no hikes in the Fall or next Winter, then resume some more 0.25% hikes. Once you're getting close to equilibrium, you don't want to push it too hard either way.
 
Chop said:
There are many factors, but Biden has recently benefited from the lowering inflation caused, in large part, by the significant short-term drop in energy pric
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Energy prices are back up and will continue because of Biden's policies. So nothing good there.
 
Chop said:
If I was Fed Chairman (and it's a good thing I'm not...), I'd probably do a series of 0.25% hikes, only stopping in the Fall. If inflation starts rising after no hikes in the Fall or next Winter, then resume some more 0.25% hikes. Once you're getting close to equilibrium, you don't want to push it too hard either way.
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If I was Fed Chairman I would set up a runway for ending the Fed and taking money supply out of the hands of a socialistic enterprise.
 
Chop said:
https://www.cnbc.com/2023/01/19/chinas-recovery-may-mean-the-fed-will-have-to-hike-rates-longer.html

  • A stronger China increases the chances of a stubbornly hawkish Fed, Raymond James’ equity strategist Tavis McCourt said in his 2023 Outlook.
  • St. Louis Fed President James Bullard said a reopened China makes him “nervous that will lead to upward pressure on inflation.”
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They are all jawboning about raising interest rates to make sure everyone understands they take inflation seriously. They are doing this to keep stock prices down until the job is done, less a bull market keeps labor rates higher than needed.
 
From Davos, Switzerland:

Chairman Xi of the Chinese Communist Party begs the US Fed, and other Western economies--please don't hike interest rates...

London/Tokyo/Sydney | Chinese President Xi Jinping has urged the West not to increase interest rates because he fears it will stoke capital outflows from his slowing economy while

triggering an emerging market crisis among many of the developing countries Beijing has lent money to...

Hong KongCNN Business —
China is urging central banks in the West not to hike interest rates too fast to fight inflation as it goes in the other direction to battle a sharp economic slowdown.


Xi Jinping urges Western nations not to raise interest rates

Xi Jinping urges West not to 'slam the brakes' by hiking interest rates too quickly | CNN Business

China’s Xi Doesn’t Want the Fed to Raise Rates Either

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