Fed Rate Announcement on Wednesday

Darla said:
Actually after he showed us the pics, me and Lady T were like, wtf? "Did you ever suspect Cawacko was an undercover hottie?" "Nope, never saw it coming."

We both thought Superfreak might be the undercover hottie. Goes to show. You just don't know.
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Wow, LadyT?!?! That’s going back to 2008. She was a smoke show!
 
To be clear I am not predicting a .5% increase, I am simply hearing that it might happen.

I have made no prediction at all.
 
With only 6.5 weeks to go in injection season natural gas stores are off 11.3% from the five year average of normal to date, and is the worst in 12 years.

This is going to be a problem.

Buckle Up!
 
Darla said:
Actually after he showed us the pics, me and Lady T were like, wtf? "Did you ever suspect Cawacko was an undercover hottie?" "Nope, never saw it coming."

We both thought Superfreak might be the undercover hottie. Goes to show. You just don't know.
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You’re awesome, totally going get a “gag me” response from Mott. Hahahaha.

(Last time I was in Columbus I tried to meet up with him, offered to buy him a drink. Think he said the wife had him on double secret lock down.)
 
cawacko said:
All indicators point to a 75bps increase but a 100bps increase can't be ruled out either. Anyone have strong feelings as to what you think they should do?
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I thought the market was factoring it in a a full point, not .75. Guess we will see.

What we SHOULD see is 2 points or more. That would do much to shorten this recession cycle up.

Powell understands his namby pamby steps so far have been woefully inadequate but I'm not sure he has the balls to be truly decisive.
 
cawacko said:
What political pressure? From whom? (there are individual politicians saying rates shouldn't be raised, Elizabeth Warren being one, but they themselves aren't going to force Powell to change his stance)

Edit: Of course there is pressure every time they act as different people have different motivations as to how they want the Fed to perform (raise rates more, raise rates less, don't raise rates etc.) but I'm curious how you are defining political pressure here)
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the pols owned by Wall Street want no increase and more easing. Powell has already told them its tough shit time so thats not going to happen.
 
Darla said:
Actually after he showed us the pics, me and Lady T were like, wtf? "Did you ever suspect Cawacko was an undercover hottie?" "Nope, never saw it coming."

We both thought Superfreak might be the undercover hottie. Goes to show. You just don't know.
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I could never make that claim. Ever hear of getting beat with the ugly stick? Well the whole damned tree fell on me.
 
Celticguy said:
the pols owned by Wall Street want no increase and more easing. Powell has already told them its tough shit time so thats not going to happen.
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There’s never going to be 100% agreement on what the Fed should do. That’s just reality. Some disagree for ideological or political reasons but smart people of good faith can disagree as well.

So this idea that there is some “revolution” out there because there’s not 100% agreement is silly to me. (Just go back to Trump and how he tried to jawbone Powell to lower rates. Was that the “revolution” as well?)

Edit: I didn’t mean to address that last question to you because you aren’t the one making the claim. I was just making the point.
 
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cawacko said:
You’re awesome, totally going get a “gag me” response from Mott. Hahahaha.

(Last time I was in Columbus I tried to meet up with him, offered to buy him a drink. Think he said the wife had him on double secret lock down.)
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That’s not true! We couldn’t meet up cause you were in the hospital after losing that fight with those two huge Buckeye fans.

I had to give you credit for courage though. I mean I wouldn’t have messed with those ladies.
 
Darla said:
Actually after he showed us the pics, me and Lady T were like, wtf? "Did you ever suspect Cawacko was an undercover hottie?" "Nope, never saw it coming."

We both thought Superfreak might be the undercover hottie. Goes to show. You just don't know.
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I miss Superfreak. No one had a spastic colon like him and no one could trigger it like me. LOL
 
Mott the Hoople said:
I miss Superfreak. No one had a spastic colon like him and no one could trigger it like me. LOL
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I don't miss him at all, but I do miss watching you drive him off the cliff. Of course, he had a tenuous hold on sanity, but still, nobody did it better than you Mott!
 
As expected 75bps with the expectation to continue raising through the remainder of the year. It sounds like those who were hoping Powell would offer rhetoric in his press conference towards a more dovish stance going forward are being disappointed.
 
cawacko said:
As expected 75bps with the expectation to continue raising through the remainder of the year. It sounds like those who were hoping Powell would offer rhetoric in his press conference towards a more dovish stance going forward are being disappointed.
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he has become more consistent. Still too timid but them's the breaks.
 
Darla said:
I don't miss him at all, but I do miss watching you drive him off the cliff. Of course, he had a tenuous hold on sanity, but still, nobody did it better than you Mott!
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Since we’re flashing back I just remembered Topspin. He was always a trip. Didn’t he love weed and the stock market and if someone else didn’t they were a ‘turbo lib’ or something like that? Haha
 
cawacko said:
Who is this abstract revolution that is pressuring Powell to only go up 50bps? I don't know if I've read a single Fed observer who thinks they will only raise 50 bps.

(Leaving aside the absurdity, those the farthest out there don't want the Fed to raise rates at all - I've heard no one say they should go up 50 bps.)
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Oh, no, don't go there, I have asked him a number of times who is this "Revolution," and at best, when forced, all I get in return is "deep state," "globalists," "those people"
 
cawacko said:
As expected 75bps with the expectation to continue raising through the remainder of the year. It sounds like those who were hoping Powell would offer rhetoric in his press conference towards a more dovish stance going forward are being disappointed.
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You think the seventy five is drastic?
 
cawacko said:
No, not at all.
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It does amount to something close to 3% over the last two years or so, but Inflation is still running at 8%, and it will be credit cards, spending, that will be effected first. But you are going to see slowdowns in growth and employment numbers

The Fed has always played a guessing game, difficult to get the actual balance right, and the consequences of anything they do doesn't happen overnight
 
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