Dear Powell, On this 1st year of anniversary of rate hikes, I would like to tell you this: 🫠 I expect you to raise interest rates by 50bps in March because you’re a 🦅 & you’ve repeatedly said that you need to bring inflation down to the 2%🎯 🫠 I also expect you to take the terminal rate above 5%, & as inflation is still not under control in Feb, you’ll probably need to take it to the 5.25-5.5% range😔😞 🫠 I don’t see you cutting rates in 2023 based on your 2%🎯 which means my tech stocks will have difficulty recovering… ⁉️ I actually don’t understand why there isn’t a better way to control inflation rather than rate hikes…you’re actually making the bank rich till they can give fat dividends in 2023 & making poor people lose their jobs & not have💵 to pay their 🏡mortgage😢 Busine
Write to Powell on 1Y Anniversary of Rate Hikes
It was a year ago this month that the Fed launched its rate hike to combat inflation. ----- How do you view 1-year anniversary of rate hikes? How do you expect March rate hikes?
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