^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive

That just means the Fed will continue to be Hawkish af. No good for equity markets imo

Fed QT VACUUM go RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRB

The fed will cave to political opposition to rate hikes

Yes that could be a possibility. Not for a while though. Maybe end of next year or 2024

“The strong reading does not necessarily remove the risk forecast by many economists of the US economy falling into recession at some point in the next year.

But the stronger-than-expected growth shows the resilience of the economy as it deals with the headwinds caused by the Federal Reserve’s aggressive course of large interest rate hikes in an attempt to slow the economy in order to tame decades-high inflation.”

🥨🤸🌞🌈

[deleted]

Whatever the Fed's intentions are, they'd better get it done before the general election.

I can't imagine a Federal Bank policy of purposely throwing people out of work and increasing unemployment is going to go over well with constituents heading into a presidential election.

[removed]

Just because you're poor doesn't mean the rest of us are poor. Anyone with a house (which is a huge chunk of the US) hasn't seen that much of a hit given how easy it is to find higher paying (and sometimes remote) jobs right now, not to mention the stock market rocketing up since covid.

Prices are going up but also there haven't been mass layoffss across the economy for the most part, people are still making money

I need a run up to resent highs to get my puts going.

[deleted]

[deleted]

60% of this country doesn't have $500 in their checking account and prices for goods are up over 15% (even higher for energy/food) the last 2 years. It is fair to assume that the majority of America is poor and it is baffling how consumers are still spending at high levels. It makes more sense when you look at personal savings rates tanking and credit utilization sky rocketing.

Also. CNN is a trusted source of news. lol

Those "$500 in checking account" articles are bullshit. They literally ask about your checking account - if you transfer money to a savings account at the end of the month instead, you're in the "at risk" party.

Seems like the trim is mostly from overvalued tech companies. When you hear about the 7-eleven workers not being able to find work then we're in trouble.

Right but employment is still high, even in tech layoffs haven't been very deep into the overall job market

Not necessarily. Cpi is going to come in much lower than expected for January 2023

How do you know?

cpi is measured as year over year change. It will continue to trend down. Cpi December 2021 was the first time it was 7%. Peak cpi was June 2022. Doesn’t mean inflation isn’t happening…just means that the equation they use will show that the number continues to trend down

American cooking the numbers like Chinese

How about FOX business? Because they too reported the same.

stop youre confusing him

I have such a hard time believing this. Every industry I see is hiring right now. I feel like there has to be some skewing of numbers to justify this because in reality the job market is amazing right now. Literally have never seen it this good.

I haven’t seen layoffs anywhere other than massive tech companies over hiring during the pandemic.

So if they ask about savings accounts is it bullshit too to the people who keep their money in checking?

Yes, actually. You should just ask "if you had a $500 expense come up, could you afford it, or would it financially ruin you?" basically.

It's a lot harder for the US to do that lol

In China Xi just sort of snaps his fingers.

yeah that's what the question is, the original person misquoted.

Fake news. Idc what they say everything costs so much now. Everything keeps shrinking and price keeps getting higher.