US Q4 GDP Price Soars To 6.9% QoQ As Commodity Prices Skyrocket (10Y-2Y Treasury Curve Tanks)

Sharing is Caring!

by confoundedinterest17

Yes, The Federal Reserve could have raised their target rate at their January meeting, but chose not to raise rates. Instead, Chairman Powell said that rate increases are a comin’!

I hope Powell wasn’t hoping for a slowdown in inflation, because today’s Q4 GDP report showed a surge in GDP to 6.9% QoQ. But with that GDP surge we also got a surge in prices paid by consumers to 6.9% as well. Thanks to the continuing massive Federal stimulus being poured into markets.

Despite the positive news on Q4 GDP, we are still seeing 7% inflation and a diving 10Y-2Y yield curve.

See also  Exactly one year ago, 1Y Treasury Yield was 0.05%. Now 1Y Treasury yield is over 2% - or 40x increase. Strap yourselves in.

Along with that surprising GDP report, we are seeing the Bloomberg Commodity Index rising like a bat out of hell (RIP, Meatloaf).

Powell apparently found paradise by the dashboard light. So, why rock the boat? Oh yes. INFLATION.

Should Powell be renamed Meatloaf?

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  Fertilizer prices at all-time highs = cost of food production up = supply of food down = price of food up.

Views: 1

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.