/biz/ - Business & Finance

[Anonymous No.56154956]

>Federal Reserve Chair Jerome Powell said Friday the central bank could raise interest rates further if the economy and job market don’t weaken more substantially
>Federal Reserve Chair Jerome Powell said Friday the central bank could raise interest rates further if the economy and job market don’t weaken more substantially
>Federal Reserve Chair Jerome Powell said Friday the central bank could raise interest rates further if the economy and job market don’t weaken more substantially

They are just going mask off about what their purpose is.

[Anonymous No.56154989]

Everyone knew his job was to destroy the labor market (and it still is)

[Anonymous No.56155001]

*doesn't
I got you ESL-kun.

[Anonymous No.56155037]

Wage growth drives inflation. A good job market means higher wage growth due to competition, which also means higher inflation.

[Anonymous No.56155053]

This is like the 7th time they raised interest rates after the market priced in no raise. How are people still caught off-guard?

[Anonymous No.56155065]

>>56155053
stock baggies, crypto baggies and home baggies are all collectively having daily wet dreams about the Fed cutting rates to 0 again tomorrow and they refuse to accept that that will never happen again for the next 40 years

[Anonymous No.56155078]

>>56155065
40 years no, but realistically, end of 2024, beginning of 2025 if they achieve a soft landing.

[Anonymous No.56155100]

>>56155053
people are fucking retarded.

>fed says they'll raise rates until inflation is firmly under control
>inflation is still raging out of control
>fed raises rates

the fucking public pic related

[Anonymous No.56155110]

>>56155078
rates will get cut but not to 0 (probably1 or 2%), rates go to 0 every 40 years in the interest rate supercycle, we just ended another of those cycles in the 2010s and 2020s

[Anonymous No.56155141]

>>56155110
I think rates will eventually go to 0, with this aging population in the west, you can only keep real state prices rising if you lower interest rates. But this might happen more like near 2030.

>>56155100
FED has been saying exactly what are they going to do on every meeting and public is still surprised.

We are going to have another 25bps hike by the end of the year, and the public will be surprised again.

[Anonymous No.56155231]

>>56155100
inflation is literally at 3% tard

[Anonymous No.56155244]

>>56154956
They've said this from the start. Maybe you were just too stupid and busy falling for rightist propaganda to realize it.

[TOTAL SIMP DEATH No.56155247]

>>56155001
It was right the 1st time you ESL chimpanzee

[Anonymous No.56155362]

>>56155231
more like 4, so only 400-600% higher than ideal. call up jpowell this poster solved it.

[Anonymous No.56155442]

>3% inflation mostly because oil is more expensive
how are interest rates suposed to affect this?

[Anonymous No.56155468]

>>56155442
people sign up for credit cards and buy a bunch of oil. the limit on the cards are effectively set by the interest rates. Its a strategy that's becoming increasingly common as people combine it to both debtmax and oilmax at the same time.

[Anonymous No.56155580]

>>56155065
You’re on drugs. Rates will absolutely be cut back to zero again and probably a lot sooner than everyone thinks

[Anonymous No.56155631]

>>56155442
Interest rates are the only tool in their box. Currency controls or t*xation are the others options and even bumping capital gains by half what it was cut would elicit shrieks of "communism!"

[Anonymous No.56155657]

>>56155442
Certified retard moment

The price of oil drives core inflation too. The economy runs on oil. Planes, cars, buses, trucks.

Need to run an airline? Raise prices because fuel is more expensive.
Need to run an HVAC company? Raise prices because it cost more to get your trucks to the customer.
Need to run an electronics shop? Raise prices because it cost more to get inventory to your business.

Look at the services ex housing inflation data. It accounts for 50% of core cpi. Tell me what services in that category DONT use gas ?

[Anonymous No.56155697]

>>56154956
Is the house market ogre?

[Anonymous No.56155713]

>>56155657
bro that's literally what I'm saying - oil pumped a lot and is likely responsible for most of the inflation we're experiencing right now.
What I'm asking is, how is hiking interest rates going to bring inflation down if it's driven by oil price

[Anonymous No.56155741]

>>56155713
Unironically inflation will go down if US sent some freedom to the middle east or put trump back in office lmao

[Anonymous No.56155754]

>>56155231
damn that's kind of crazy that it's only 3% because i could have sworn that the prices of literally everything doubled since 2020

[Anonymous No.56155892]

>>56155713
less economic activity = less energy use = less oil = less price

>simple ass

[Anonymous No.56155915]

>>56155741
What would Trump do specifically that would result in inflation going down?

[Anonymous No.56155953]

>>56155892
>Saudi spokesperson announces that oil production will go down across OPEC due to low demand
>oil price goes up
what now?

[Anonymous No.56155973]

>>56155754
that's antisemetic

[Anonymous No.56156090]

>>56155915
Make a deal with saudis to pump more oil.
Finish the keystone pipeline.
Make a deal to end ukraine war