For a long time there was a perception that the Fed would fight stock market selloffs.
— Joe Weisenthal (@TheStalwart) March 22, 2022
Goldman Sachs raises US interest rate forecast – now expects Fed to raise rates 50bp in both May and June, followed by 25bp hikes at the four remaining meetings in 2H 2022 and three quarterly hikes in 2023Q1-Q3. Maintains terminal rate outlook at 3.00% – 3.25%.
— Jamie McGeever (@ReutersJamie) March 22, 2022
— Robert Burgess (@BobOnMarkets) March 22, 2022
U.S. economic activity expanded at a slower rate in February and January’s expansion was slower than reported earlier, data from the Federal Reserve Bank of Chicago showed Monday.
The Chicago Fed National Activity Index fell to 0.51 in February and January’s reading was revised down to 0.59 from the prior reading of 0.69.
The Chicago Fed’s reading of the economy is comprised of 85 economic indicators from four broad categories of data:
production and income;
employment, unemployment and hours;
personal consumption and housing;
and sales, orders and inventories.
Consistent with the very tight labor market, the employment indicators contributed the most to the index. The Department of Labor said that payrolls grew by 678,000 in February and the unemployment rate fell to 3.8 percent.
Production-related indicators contributed +0.22 to the index in February, down slightly from +0.25 in January. Industrial production increased 0.5 percent in February after rising 1.4 percent in January. The contribution of the sales, orders, and inventories category to the index …
— Bespoke (@bespokeinvest) March 21, 2022
- We’ve never seen so much lying, bullshit and idiocy as attends this Fed collapsing this RECORD asset bubble at RECORD pace. While trapped gamblers circle jerk the whole way down.
- CRISIS IN SRI LANKA, No Gas, No Food, Country is Bankrupt, Politicians Being Beat, Murdered, Gov Buildings on Fire, Over 3000 killed in last 24 hours
- All card Machines down – This is happening Nationwide right this minute.
- Costa Rica Under Seige
- Outbreak of hemorrhagic fever In Iraq giving a fatality rate 20%—1 in 5: the outbreak is spreading fast
- Jeremy Kauffman: “Was skeptical of the ‘grooming’ narratives. But yesterday almost every teacher in NH demanded the right …”
- First Black Lesbian Press Secretary Immediately Demoted After First Week
- The latest cover of the Economist…
- New York Post: Front Page: “Joe’s Train Wreck”
- Another Large Real Estate Crash Is Coming Soon?