Rising U.S. inflation, now at an almost 31-year high, which now includes price rises for a wider range of goods and services, has traders once again anticipating a greater likelihood of earlier interest rate increases from the Federal Reserve next year and one major investment firm is warning that the central bank is now “in an uncomfortable” place.
“Today’s report reaffirms that the Fed is in an uncomfortable place,” said Tiffany Wilding, North American economist for PIMCO, the Newport Beach, California-based asset manager which oversaw $2.2 trillion in assets as of September.
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I’m not betting on it. It will take more to move the Fed imo. Two rate hikes in 2022 but not earlier than expected.
STOCK PRICES ARE NOT GOING UP
nice
Good. Raise rates and let’s do something abt this. Concurrently, it will help w/ supply chain shortages and logistical challenges. Short term bump for a long term gain.
Covid is to blamed for everything - Biden chaos