BWAHAHAHA Will The Fed Raise Interest Rates Next Week

[gab13by13]

Remember how Fred Sanford of Sanford & Son Used to have "The Big One,?" Lizabeth I'm coming to see you.

Ivana, I'm coming to see you.

Do it Fed, look how Krasnov is treating you Jerome, get board members to do the right thing. Gasoline prices are going to skyrocket inflation, better raise those rates 0.5%. BWAHAHAHA.

Krasnov so dearly wants to crash the dollar.

Odds are not in favor of an increase, but the odds have gone up. C'mon Fed, I want to see wailing and gnashing of teeth.

[Norbert]

1. The is a real possibility

With tariffs, wars and deporting relatively inexpensive labor causing inflation higher unemployment and lower GDP, it is all self-inflicted

[OC375]

2. Rich man games

Bank rates. Anyone “not rich” quit thinking about a newer car or home after COVID. I can’t afford to borrow anymore, because the products are too expensive to begin with and scarce anymore. Enjoy the high rates.

[gab13by13]

6. Raising Fed interest rates have next to nothing to do with home mortgages.

Lenders want a guarantee they will get a return on their money so lowering Fed rates may even increase mortgage rates.

[OC375]

10. Rich man games

[Emile]

3. I loved Fred Sanford character. He would

grab his chest, and when someone asked if he was alright? He would reply, oh it's just my heart, it will stop here in a little bit.

[FakeNoose]

4. Consumer credit is unaffordable now

I think my credit card is charging 24% interest on an annual basis. Thank goodness I've been able to pay my balance off each month, but not everyone can do that. Things happen unexpectedly, and people need to charge things now and pay for them later. The result is that every American who works for a paycheck (or those of us on monthly Social Security) is forced to delay purchases. Interest charges are the main reason.

[Frasier Balzov]

5. The USD currency ETF I follow is symbol UUP.

At the moment, UUP is trading at its high for the past twelve months.

That could indeed mean higher rates, as the dollar tends to do better when dollar denominated lending rates rise. Money flows into currencies where the returns are greater on a risk adjusted basis.

It could also mean that global currency traders view the USA to be overall winning the war-- a sort of vote of confidence in the nation issuing the currency. That view is subject to change minute by minute of course.

[gab13by13]

7. As of February of this year

the value of the dollar was at a 4 year low. Only recently has it gained some value back.

Define winning the war.

Our military budget is higher than the interest on our debt and Krasnov wants supplemental money for the war because we are spending over a billion dollars a day on the war.

Our GDP doesn't cover the interest on our debt.

[Frasier Balzov]

9. I thought interest on our national debt was 1 trillion?

That sure is a huge number on an absolute basis.

But it's only about four percent of GDP.

[multigraincracker]

8. I put most of my savings in money market account

that is based on inflation. If inflation goes up so do my dividends.

[Jbraybarten]

11. Oh wow, the ketchup will be flying.