, and they're going to raise rates til they get lower inflation. How are they going to do that? They're going to slow demand down."
According to Bianco, the Fed's only solution is to boot interest rates quickly and get wealthy people to stop spending. The bond market is already discounting the central bank's likely bold moves.," he wrote in a recent Twitter thread."This is not only the worst bond market in our career but might be the worst of our lifetime."
Bianco, who sees a 75% chance of inflation within the next two years, expects a 50 basis point hike at its next policy meeting on May 3 through May 4. "It will be 50 [basis points] all the way through until the Fed basically raises rates too much and breaks something. And, then they'll be done. But, they're not going to go back to 25," he said."If the stock market wants to go up, maybe they should be talking about 75 instead of 50.""They don't want to create the mistake in the other direction by being too timid right now. That's out the window now," Bianco said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New event center coming downtown between HighWire and Johnny Gibson's MarketHighWire and Johnny Gibson’s Market downtown are about to undertake a big construction project.
Source: kgun9 - 🏆 584. / 51 Read more »
Gemini, Chainalysis and 11 others join Crypto Market Integrity CoalitionThe Crypto Market Integrity Coalition nearly doubles in size in less than two months. It aims to make crypto markets more efficient and less prone to manipulation. Invite & win $11,000 USDT!🔥 Binanceproduct Trading made easy as abc SocialTradingGo 🙋🏻♂️Invite your friends now 👉🏻 What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 54 - NEUTRAL, with price of 43527.470988358682 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also. Recently，lots of people talk about X-Metaverse(XMetaverse_), it is a blockchain 3D card strategy black_joker game. All game content items and characters are based on blockchain tokens and NFTs package.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Oil CEOs testify to Congress: 'We do not control the market price of oil'U.S. oil executives sought to defuse tensions with Democrats over rising fuel prices in a... If they wanted to act as good citizens- and not war profiteers… oil produced in America could be sold for refining ( gasoline ) and sold in America at production cost plus X profit , instead of XXX profit .. That s correct. They also do not control the supply.
Source: HoustonChron - 🏆 609. / 51 Read more »
Will a 'Smart Gun' Finally Make it to Market?Advocates say guns designed to be unlocked like smartphones will save young lives, but the gun lobby is skeptical.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Crypto Markets Shed $100 Billion as Bitcoin Dumped to $44K (Market Watch)The crypto market cap is down by around $100 billion in a day, as bitcoin slipped to just over $44,000, and most altcoins are deep in red.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
BoE's Pill: Cannot be assumed that monetary tools like QE are right to address market dysfunctionBank of England Chief Economist Huw Pill said on Thursday that it cannot be taken for granted that monetary policy tools like QE are the right too to
Source: FXStreetNews - 🏆 14. / 72 Read more »