Nice call shithead! Who should we trust, the Fed or some loser who lives in his parents basement wearing an Avenatti for President tshirt?
The Federal Reserve raised the target range for its benchmark interest rate by 0.25% on Wednesday and didn't commit to being done hiking rates this year.
Wednesday's move pushed interest rates to a new range of 5.25%-5.50%, the highest level since March 2001. With the hike largely priced in, investor focus shifted to what Chair Jerome Powell said about the state of the economy and the future path for rate hikes.
"The process of getting inflation back down to 2% has a long way to go," Powell said
And?
It keeps going down aka TRANSITORY, you were hoping things would stay worse since you are a MAGAT wishing everyone bad but it didn't turn out to be the case.
As usual you were wrong. Enjoy Trump2020 and Trump2024.