In February, the central bankThe probability of a half-point hike moved to 73.5% in Asia's Wednesday afternoon, according to theThe Federal Reserve is slated to meet on March 21-22.
Emphasizing the U.S. economy's resilience, Rieder compared it to polyurethane, a durable material described by the"We've recently likened the U.S. economy to polyurethane, which is a remarkable material that displays flexibility and adaptability, but also durability and strength," he wrote in the note.
"The material's ability to be stretched, bent, stressed and flexed without breaking, while in fact returning to its original condition, is what makes it so chemically unique," he said. In its latest report, the U.S. reported an increase of 517,000 nonfarm payrolls in January, significantly exceeding market estimates, while the unemployment rate fell to 3.4%, the lowest level since May 1969.
The next report is expected Friday and is likely to continue to show a resilient labor market despite the Fed's aggressive rate hikes to tame inflation. Economists surveyed by Dow Jones estimate 225,000 jobs were added last month.
They should just do it all at once at this point. Sick of the games, losing 5% of my portfolio every time they talk. If Ur goin do it Do it all at once. Prob doesn't need done anyway. Gov messed it up in 1st place. They rip the bandaid off to put it back on and rip it off again
Whatever the rate is , no cash problem . There is a lot of cash in the system and as long as there is a cash supply, the market will rally and inflation will go higher.
6% is still not enough incentive to move the herd en masse away from the speculative delirium so prevalent today. The Fed needs to bring rates up 1-2% over the prevailing rate of inflation and keep it there for a very long time to truly bring markets back to their senses.
My gut thought was always that the fed would go 6% even if they did 25 basis points the whole year
😂 … Ethereum go -
Oil and natural gas prices down both used as excuses for inflation but inflation still increasing because of cost of borrowing. America worlds number oil and gas producer is suffering high inflationbecause of high prices of commodities it produces and highest cost of borrowing
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