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duckfruit | 3 years ago

A rate hike that that was widely telegraphed and has been anticipated for years, to boot!

discuss

And no evidence inflation is under control + future rates increases are anticipated as well.

I'd love to get a flash poll of the finance industry and see how much people believe 1-8% interest rates are possible over the next 5 years. I bet a lot in the market think 3% interest rates are just not gonna happen.

teepo|3 years ago

Looking at some of the prediction markets has some ideas: https://www.metaculus.com/questions/7439/u-s-interest-rate-p...

babyshake|3 years ago

You mean rates won't get that high? Or that they will be much higher?

epgui|3 years ago

But it's the tone with which it was said, and the expressiveness of Chair Powell's eyebrows when he said it that was unanticipated.

1minusp|3 years ago

Know that parents comment is /s but in truth, it really feels like interpretations of body language and text to indicate hawkishness/dovishness actually seems to matter.

sroussey|3 years ago

Don’t fight the Fed.