/biz/ - Business & Finance

Okay, which one of you faggots did it?
>Pranksters posing as Ukraine's president tricked the Fed chair into a phone call
>WASHINGTON — Federal Reserve Chairperson Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interest rate hikes.
>https://www.npr.org/2023/04/28/1172681491/pranksters-tricked-fed-chairman-phone-call

>>53503516
not cool

>>52879347
>So what the fuck actually happened yesterday at 2pm ET?

>>52868042

>>52849869
>so is FOMC gonna send the market up another 5%?
Anon, is this the face of a man who's going to pump bags?

>>52799104
Say it with me Chud: Soft. Landing.

>>52771047
We will have negative rates, once Jpow roles out the FedCoin.

>>52679688
Look at this nigger, he's going to buck break the Pivot'eers

>>52645130
It does seem somewhat "bullish" that Jerome may let off the gas a little, rates are still going up however. If we can get inflation down while maintaining decent GDP that'd be nice, but I don't think it'll happen. The 3 month crossed the 30 year yield lul, and the random yield JPOW said was the only one that he cared about ALSO inverted.

>>52532819
I'm in the same boat fren. I'm seriously consider taking my money out of the market and locking it in GICs for a few years with the expectation that rape hikes will continue and house prices will fall (not expecting a crash, but a fall), allowing me to buy more house per $ with a higher rate on the mortgage which I will shovel money into for a yield of whatever the rates at the time are. It also helps that I'm Canadian and people will have to renew their mortgages in a minimum of 5 years from now, so if they locked in at 1.4% in 2020 they are about to be ABSOLUTELY rape hiked in 2025 when it's 5%-8%. That's when I buy.

But if you truly expect to make returns greater inflation you can use your tax advantaged account for a down payment (at least in Canada, idk bout burger) and grow your sum far more than sitting in cash or GIC.

>>52480148
Just for that. 100.

>>52465754
>2.0 percent inflation target
Buckle up buck-a-roo, he's the second coming of Paul Volcker and the rate hikes are just getting started.