Preps and Solutions
(Sponsored Ads)
Silver
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
The Daily Coin
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids
Silver

Prepare For The Worst: The Federal Reserve Wants More Interest Rate Hikes

Mac Slavo
November 28th, 2018
SHTFplan.com
Comments (16)
Read by 1,806 people

The Federal Reserve still wants more interest rate hikes. Vice Chairman of The Fed, Richard Clarida, says more interest rate hikes are coming but he doesn’t know just how many times he’ll jack up the rates as of yet.

According to Market Watch, on Tuesday backed continued gradual interest rate hikes but stressed monetary policy is not on a pre-set course.  He said interest rates were closer to neutral than when the Fed started to hike rates in 2015 but said there is no agreement at the Federal Open Market Committee about “how close” to neutral they are. Clarida said that interest-rate policy now is “more art than science and the goal should be to sustain the expansion.”

“Monetary policy at this stage of the economic expansion should be aimed at sustaining growth and maximum employment at levels consistent with our inflation objectives,” Clarida said in a speech to a conference sponsored by The Clearing House in New York.  Clarida added that the Fed is constantly updating its estimates of the level of unemployment consistent with stable inflation and the “neutral” level of interest rates.

The process of learning about these important variables as new data arrive “supports the case for gradual policy normalization, as it will allow the Fed to accumulate more information from the data about the ultimate destination for the policy rate and the unemployment rate at a time when inflation is close to our 2% objective,” he said.  Clarida said that the economic fundamentals are robust, with gross domestic product averaging an annual rate of 3.3% this year and the unemployment rate of 3.7% at the lowest level it has been since 1969. Inflation has been running close to the Fed’s 2% target and Clarida said his “base case” is for this pattern to continue.

However, the San Franciso Fed says that interest rates are heading back down to 2%. There’s a good chance that a key inflation measure could soon fall back below Fed’s 2% target, according to new research published Monday by the Federal Reserve Bank of San Francisco. A closer examination of the cause for the run-up in interest rates shows that it was not due to the strengthening economy but to idiosyncratic, or “acyclical” factors excluding health care, according to a paper from San Francisco Fed research adviser Adam Shapiro.

Either way, the economy’s prospects for the new year are all looking a little bleak.

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
The Most Trusted Tactical Gas Mask In The World
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 1,806 people
Date: November 28th, 2018
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

16 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. Eisenkreutz says:

    I THINK WE SHOULD ARM SWAT TEAMS WITH HOCKEY PUCKS

    FUCKING FAT ASS COPS SHOULD GO PLAY ON THE ICE INSTEAD OF POLICING TWITTER

    WAS HE CUCK BOY OR PUCK BOY?

  2. Sgt. Dale says:

    Fear Porn!!
    The Fed backed down this afternoon.
    Sgt.

    • durangokidd says:

      “The Fed backed down this afternoon.”

      TRUMP wins again. Powell has begun to backtrack and said today that rates are “near neutral”. The FED does not want to “collapse” the economy as some Alt Media Moron Self Proclaimed Economic Analysts have predicted.

      The Fed has tempered the “irrational exuberance” that was pushing stock market values into the stratosphere. While certain Alt Media Self Proclaimed Economists here were predicting FED destruction of the economy just last week, I said that those proposed future rates were not cast in stone.

      I was right. 🙂

    • Medicalmauser says:

      Lie. The fed did no such thing. Powell’s statement today was interpreted as “backing down” by investors who heard what they wanted to hear and they stupidly bought into a stock bounce that will be gone by next week. He never said the bankers were going to stop their interest rate hikes. Not once.

      • Stuart says:

        It’s not nice to call people liars asshole.

        In point of fact, this type of obtuse academic-ese is exactly the method the Fed uses to signal its policy intentions. Especially changes going forward.
        Whether they will follow through remains to be seen but a rate hike pause was exactly the trial balloon he was floating.

  3. Rahul says:

    The process of learning about these important variables as new data arrive “supports the case for gradual policy normalization, as it will allow the Fed to accumulate more information from the data about the ultimate destination for the policy rate..
    and wich policy ?

  4. rellik says:

    I’d love to see
    15% interest rates.
    I loan money to people,
    I don’t borrow it.

  5. Dead Meat says:

    The statements made throughout this story are so full of lies I don’t even know where to begin.

  6. How’s about a cage match between Don John and Fed Chair Powell? If the Trumpster wins, rates go down.

    Oh yeah, I forgot…his bone spurs ‘n’ all.

    sad…

  7. who knows who cares says:

    I’d like them to raise enough to get these banks and CU’s to get back to at least 5% CD and rates.

    This BS last 9 years of 1% was insane, yea its a little better now at around 3%, but that’s only here and there.

    And no, I’m not in any stocks, have no idea what that’s all about and glad I wasn’t in it in 08.But because of this fed BS with QE and low rates those that know how to mess with it got fat.

  8. Bert says:

    Great news!! How about tightening the system by requiring all banks and credit companies to have 100% on reserves!!

    There is no reason why savers only get 0 to 1.7% on their money, while many people pay 25 to 35% unsecured credit [money that the lender creates out of thin air/ not held in reserves by the lender.]

    DC ought to stop greasing the wheel, end all incentives, all tax breaks, all subsidies, all entitlements, all wealth redistribution, all programs. End the FED, IRS.

    Keep all that you earn, earn nothing/deserve nothing.

  9. Kmack says:

    The only way to really break this stranglehold on the common man is to quit using credit… easier said than done. Once we don’t use credit on stuff and we spend real money there would be a shift down in the cost of goods. Stuff has gotten so expensive because of the easy access to money which drives up the cost of goods and makes the fat cats more wealthy. I. The meantime us peons are left paying for stuff we couldn’t afford to begin with at an even more inflated rate of money going to these bankers. The wealthy business owners have no reason to give workers a better wage simply because the banks they are colluding with just keep loaning out money.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.

 

Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address: 69.167.174.108

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.