“Fed rate cuts may wait as inflation ticked up in December”
January 17, 2024
“…U.S. central bankers want more confirmation that inflation is on a firm path toward their 2% goal before they reduce the policy rate, now in the 5.25%-5.5% range…”
https://finance.yahoo.com/news/traders-pare-bets-fed-cut-134748735.html
What happened? I thought the FED was going to cut interest rates? What happened to all the hype? It’s obvious that claim was driven by ulterior motives. I’m going to keep repeating this. Do not expect a rate cut. If the government really wanted inflation under control they would stop attacking the energy sector.
Also why does inflation have to be 2%? I’ll tell you why. The FED can not tax deflation. The 2% is just a random number they came up with. They think if inflation is 2% you wont realize they’re robbing you.