General Discussion

gab13by13

(32,314 posts) Tue Nov 14, 2023, 02:34 PM Nov 2023

No More Rate Hikes Jerome

The stock market is soaring with the latest CPI inflation report. I guess the market assumes that Powell will be done with interest hikes, I'm not so sure, that's not what he said in his speech.

The main driver of inflation now is housing costs so that is no reason for Powell to raise rates.

We do not need any more slow downs in GDP growth from Powell.

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No More Rate Hikes Jerome (Original Post) gab13by13 Nov 2023 OP

It looks like the housing market is cooling off in some cities. redqueen Nov 2023 #1

GDP is red hot; hikes will be driven by inflation Fiendish Thingy Nov 2023 #2

redqueen

(115,186 posts)

1. It looks like the housing market is cooling off in some cities.

Reply to gab13by13 (Original post)

Tue Nov 14, 2023, 02:38 PM

Nov 2023

No idea if it's enough for him to decide not to hike rates again

Fiendish Thingy

(23,219 posts)

2. GDP is red hot; hikes will be driven by inflation

Reply to gab13by13 (Original post)

Tue Nov 14, 2023, 03:28 PM

Nov 2023

Last GDP report was a scorching 4.9%; today’s inflation numbers were excellent- 0% month over month, 3.2% annual.

I’d say the odds are increasing that the Fed will hold rates steady.

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