Markets don’t believe the Fed can achieve the 2% inflation rate it seeks.

Markets don't believe the Fed can achieve the 2% inflation rate it seeks. The forward breakeven rate over the next 5-10 years is still about 1.77%, even below post-pandemic highs. pic.twitter.com/jdfAU3CAwl

— Lisa Abramowicz (@lisaabramowicz1) September 16, 2020

It would be nice if Powell could, in simple English, explain how QE helps the standing of the average citizen. Problem is it doesn't

— Michael Lebowitz, CFA (@michaellebowitz) September 16, 2020

https://twitter.com/GreekFire23/status/1306295470441009152

Powell is saying that 'forward guidance' is "powerful" stimulus. In fact, it's the exact opposite as telling us all that rates will stay at zero for at least 3 yrs creates no sense of urgency of acting now to do business, which is the whole point of effective stimulus.

— Peter Boockvar (@pboockvar) September 16, 2020

https://twitter.com/Hoz94s/status/1306300262055841799

Banks keep tightening, close to 2008 levels. pic.twitter.com/9MqGQkua7y

— Menthor Q (@MenthorQpro) September 16, 2020

Powell “the economy will recover quickly” pic.twitter.com/KNdDHgNGV3

— Alessio (@AlessioTMAD) September 16, 2020

Rabobank: "the Fed’s policies benefit high income individuals and large corporations, while small businesses and low income individuals bear the burden" – cc: @federalreserve @neelkashkari https://t.co/38LzX3TItw

— zerohedge (@zerohedge) September 16, 2020

https://twitter.com/GreekFire23/status/1306302283513200640

“As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed. That’s down from the 180,000 that closed at the very beginning of the pandemic. However, it actually shows 23% increase in number of closures since mid-July.”https://t.co/XnIgLyQMHN

ht @YfyGomez pic.twitter.com/PgMsQA62Id

— Danielle DiMartino Booth (@DiMartinoBooth) September 16, 2020

U.S. Debit & Credit Card spending pic.twitter.com/dDkeyqYoWp

— Win Smart, CFA (@WinfieldSmart) September 16, 2020

Nearly Half Of U.S. Households Face A Financial Crisishttps://t.co/B1SrukykOS

— Win Smart, CFA (@WinfieldSmart) September 15, 2020

Banks Lower Revenue Outlook as Pandemic Crimps Loan Demand

Executives at the top U.S. banks warned investors this week that 2020 revenue will be lower than expected due to weak loan demand and an uptick in repayments during the coronavirus pandemic.