Domain: tiger-web1.srvr.media3.us Powell: Fed Could Hike Rates Again if 'Appropriate' | Money Talk
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Powell: Fed Could Hike Rates Again if 'Appropriate'

Posted on 11/10/23 at 12:15 pm
Posted by Auburn1968
NYC
Member since Mar 2019
25633 posts
Posted on 11/10/23 at 12:15 pm
The ugly thing about this is that the Fed has one lever to push and pull in the fight against inflation. Two other contributing major factors are government inflationary spending and the supply chain. Oil is a key factor in the supply chain.

Crimping oil while binge spending is a formula for an economic meltdown especially in the face of the Fed's sole lever.


Powell: Fed Could Hike Rates Again if 'Appropriate'

quote:

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two-percent target, Fed Chair Jerome Powell said Thursday.


https://www.newsmax.com/finance/streettalk/federal-reserve-jerome-powell-interest-rates/2023/11/09/id/1141687/
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40620 posts
Posted on 11/10/23 at 12:36 pm to
quote:

Oil is a key factor in the supply chain. Crimping oil while binge spending is a formula for an economic meltdown especially in the face of the Fed's sole lever.


Well good thing we are producing more oil than ever in history.
Posted by notiger1997
Metairie
Member since May 2009
61603 posts
Posted on 11/10/23 at 12:42 pm to
Ok
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11942 posts
Posted on 11/10/23 at 8:23 pm to
“The Fed could invert the curve further if appropriate”

Clowns doing clown things and he knows he just doesn’t care
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
136761 posts
Posted on 11/11/23 at 6:55 am to
quote:

Well good thing we are producing more oil than ever in history.
If only we were set to refine it. We export 50% of our own oil production d/t lack of refining capacity. So marginal oil production increases, in light of Potatobrain party refining bottlenecks, is not a particularly valuable metric.
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