3/4 point rate hike

So is this a good idea or not folks?



I guess you on the right have no idea if it’s good or not
 
evince said:
So you think the raise should have been higher and sooner?

You want a recession?
Click to expand...

starting it sooner would have held the speed of inflation back some.

nobody wants a recession but Biden's insane spending assured that there would be one.

its all a matter of how deep and how long at this point.
 
evince said:
Predictions?
Click to expand...

Mortgage rates had already increased. Short term, this makes borrowing more difficult. Which I think is a good thing. I think it will drive some people back into the labor market. Covid changed many of the rules. Until the impact of Covid becomes more muted it's hard to figure out how much this cuts spending. Increased supply and better distribution will probably help more than this will. Bottom line, I think you see an increase in labor participation, a slow muting of inflation, and a gradual return to a more normal economy. I don't think a recession is in the offing.
 
Celticguy said:
starting it sooner would have held the speed of inflation back some.

nobody wants a recession but Biden's insane spending assured that there would be one.

its all a matter of how deep and how long at this point.
Click to expand...


Insane spending?


Dude

Your idiots balloon the deficit every time they take office


Democrats handle our economy better


Facts are facts


Data is data


Lies are lies


Loser
 
Concart said:
Mortgage rates had already increased. Short term, this makes borrowing more difficult. Which I think is a good thing. I think it will drive some people back into the labor market. Covid changed many of the rules. Until the impact of Covid becomes more muted it's hard to figure out how much this cuts spending. Increased supply and better distribution will probably help more than this will. Bottom line, I think you see an increase in labor participation, a slow muting of inflation, and a gradual return to a more normal economy. I don't think a recession is in the offing.
Click to expand...

Sounds reasonable to me


I’m hoping it being on the large size helps out
 
Celticguy said:
starting it sooner would have held the speed of inflation back some.

nobody wants a recession but Biden's insane spending assured that there would be one.

its all a matter of how deep and how long at this point.
Click to expand...



Like when?


The Ukraine war has only been going on so long


Before the war effect ?
 
https://www.federalreserve.gov/econ...on-global-activity-and-inflation-20220527.htm



The effects of elevated geopolitical risks in 2022 are associated with declining consumer confidence and stock prices, factors that weaken aggregate demand. The exchange value of the dollar appreciates, in line with the evidence that spikes in global uncertainty and adverse risk sentiment can trigger flight-to-safety international capital flows (Forbes and Warnock, 2012). Commodity prices and oil prices increase, putting downward pressure on global activity and upward pressure on inflation.
 
evince said:
Insane spending?


Dude

Your idiots balloon the deficit every time they take office


Democrats handle our economy better


Facts are facts


Data is data


Lies are lies


Loser
Click to expand...


What you see today was achieved in 18 months of dem control.
Thats reality.
Denying reality is not a winning strategy.
 
Concart said:
Mortgage rates had already increased. Short term, this makes borrowing more difficult. Which I think is a good thing. I think it will drive some people back into the labor market. Covid changed many of the rules. Until the impact of Covid becomes more muted it's hard to figure out how much this cuts spending. Increased supply and better distribution will probably help more than this will. Bottom line, I think you see an increase in labor participation, a slow muting of inflation, and a gradual return to a more normal economy. I don't think a recession is in the offing.
Click to expand...

You're an idiot and there's a massive depression coming. It was all unnecessary, and your boy Biden is directly responsible for it.
 
evince said:
https://www.federalreserve.gov/econ...on-global-activity-and-inflation-20220527.htm



The effects of elevated geopolitical risks in 2022 are associated with declining consumer confidence and stock prices, factors that weaken aggregate demand. The exchange value of the dollar appreciates, in line with the evidence that spikes in global uncertainty and adverse risk sentiment can trigger flight-to-safety international capital flows (Forbes and Warnock, 2012). Commodity prices and oil prices increase, putting downward pressure on global activity and upward pressure on inflation.
Click to expand...





So the Ukraine war is driving quite a bit if this



When should it have been raised?
 
Concart said:
Mortgage rates had already increased. Short term, this makes borrowing more difficult. Which I think is a good thing. I think it will drive some people back into the labor market. Covid changed many of the rules. Until the impact of Covid becomes more muted it's hard to figure out how much this cuts spending. Increased supply and better distribution will probably help more than this will. Bottom line, I think you see an increase in labor participation, a slow muting of inflation, and a gradual return to a more normal economy. I don't think a recession is in the offing.
Click to expand...
We're in a '70s type of stagflation. The difference is the factories are gone and we're left with a gig economy. Zoomers made it clear they don't want those jobs. Stop trying to blame covid for a broken system.
 
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