Fed meeting Wednesday. Until then, nothing is likely to happen and, after that, anything can happen. There are currently rumors that the Fed may begin to gear their language to being to anticipate a rate hike sooner than later – due to recent data that has pointed to rampant inflation. Sooner, of course, would be next year anyway, as the March "Dot Plots" didn't indicate any movement by the Fed through 2023 but the March Fed Data pedicted consumer prices rising 2.4% for the year and, after a 5% Q2, they'd have to flall by more than 1% in Q3 and Q4 for that to be right and, if that happened – we'd be in a recession. So, EITHER the Fed has to admit that inflation is running away and they need to tighten to control it OR the Fed needs to predict a Recession in the 2nd half of the year – what's it going to be? Not only has Inflation soared since then, as the economy has rebounded much faster than expected, but businesses have struggled to hire workers and shortages of key materials have wreaked havoc on supply chains. IN PROGRESS
Fed meeting Wednesday.
Until then, nothing is likely to happen and, after that, anything can happen. There are currently rumors that the Fed may begin to gear their language to being to anticipate a rate hike sooner than later – due to recent data that has pointed to rampant inflation. Sooner, of course, would be next year anyway, as the March "Dot Plots" didn't indicate any movement by the Fed through 2023 but the March Fed Data pedicted consumer prices rising 2.4% for the year and, after a 5% Q2, they'd have to flall by more than 1% in Q3 and Q4 for that to be right and, if that happened – we'd be in a recession.
So, EITHER the Fed has to admit that inflation is running away and they need to tighten to control it OR the Fed needs to predict a Recession in the 2nd half of the year – what's it going to be? Not only has Inflation soared since then, as the economy has rebounded much faster than expected, but businesses have struggled to hire workers and shortages of key materials have wreaked havoc on supply chains.
IN PROGRESS
