Inflation is out of control, Fed has to do something.
Emergency rate hike incoming….
Market will meltdown
https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
US Fed to hold Emergency "closed door" meeting on 14th February.
By classifying it as closed door,@federalreserve may be meaning to withold publishing minutes of slated 14th Feb meeting.
Expectation:A Statement accompanied by discount rate hike of50 bpshttps://t.co/DCOST79Gn2
— Anupam K Mitra (@anupam__mitra) February 11, 2022
.@federalreserve added Feb 14th meeting to the calendar. An “emergency” meeting? Are they foolish enough to open themselves up to a “Valentines Day Massacre” narrative? If they must act, stop QE early. They’re not getting any credit for it here anyway. 🤦🏻♂️ https://t.co/ZK6ZW58d9s
— Justin Pulitzer Trades 🍊 (@JustinPulitzer) February 11, 2022
US Inflation hit a 40-year high today and the Fed is still buying bonds. Their balance sheet hit another record high this week at $8.78 trillion, more than doubling over the past 2 years. Literally throwing fuel on the inflationary fire.
Charting via @ycharts https://t.co/Qea0NbbzsW pic.twitter.com/uW4mDw3vaC
— Charlie Bilello (@charliebilello) February 11, 2022
Having lost control of the narrative on inequality and inflation, the #Fed faces further damage to its reputation due to their interaction:
The most vulnerable segments of our society are being hit hard by #inflation and also face the risk of an income shock due to a policy error— Mohamed A. El-Erian (@elerianm) February 10, 2022
The Fed has lost all legitimacy.
From policy errors & misjudgments, to insider trading, expanding wealth inequality, increasing the social divide and now outright hurting the most vulnerable in society with inflation. All for what? Not to upset markets?
This is a disaster. https://t.co/5jr5oKX7CL— Sven Henrich (@NorthmanTrader) February 10, 2022
Can’t believe there is a “serious” talk of an intermeeting hike.. the Fed is a deliberative institution, that doesn’t engage in knee-jerk reactions to a single number.. only time they go intermeeting is mainly when credit markets cease up which constitutes an immediate emergency
— Igor Schatz (@Copernicus2013) February 11, 2022
h/t Flying Poptart