Replying to Avatar corndalorian

With this new emergency “lending” facility for banks backstopped by $25 billion from the US Treasury, is it not more reasonable to think the Fed will continue with rate hikes rather than pivot?
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DaddyJones 2y ago

That’s how they pivot rate hikes.. non of it makes bloody sense

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corndalorian 2y ago

CPI is still 6%. I get it that’s a highly massaged number as it is, but that’s their metric and they don’t want to slow down unless they absolutely have to with it still being that high.