The Fed raised its benchmark rate to 1.5-1.75%, citing a strong as fuck economy. Additionally, they raised their GDP expectations from 2.1% to 2.4%. Their inflation exceptions are 1.9%, which is astounding when considering their unemployment rate target is just 3.8%.
“The economic outlook has strengthened in recent months,” the committee said in its post-meeting statement, a sentence that had not been in previous releases. The language came even though the committee earlier in the statement said “economic activity has been rising at a moderate rate,” a seeming downgrade from January’s characterization of a “solid” rate.
The initial reaction was to fade stocks and bonds, but things have since normalized and markets are buoying higher again.
Dow
GLD
TLT
UUP
And here’s why I bought TQQQ yesterday.
This song is dedicated to those bearshitters out there. FUCKED FACES.
And it’s gone.
Powell does not fuck arround. The man is serious business.
Libor is so ducked
That poor goy Powell. He is not dumb. Intelligent, in fact. He must know that his (((handlers))) want him to be the fall guy for the centrally planned destruction of US economy. He doesnt look like he could be bought. They have something on him…for him to be hiking like this with full knowledge the market will tank in the very near future.
Where is the glass eye or crypt keeper with comb over. We need a fat midget toad. This dude is not circus freak. Panic.