Category: Benchmark Rate
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2 Broke Everyone
*when you control the printing press (and there is sufficient demand)…you can do anything you want*
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Econ 101?
Senator Kennedy questions Federal Reserve Chairman Jerome Powell about inflation and capital requirements for banks. **Powell explains that we had very little inflation for 25 years** and that inflation depends on whether tax increases or spending cuts are part of a congressional budget plan. If there were no spending cuts, he believes there would be…
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Rubenstein on Real Estate
David Rubenstein, co-founder and co-chairman of Carlyle Group, believes that the biggest investment opportunity over the next 2 to 3 years lies in the discounted real estate debt market, specifically in large commercial office buildings in major cities. Rubenstein acknowledges the challenges facing some cities, such as public relations issues and declining real estate prices,…
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JUNE FOMC
https://assets.realclear.com/files/2023/06/2201_fomc.pdf June FOMC Meeting: Saying They Will If They Have To, But Hoping They Won’t Have To? › The FOMC made no change to the Fed funds rate target range, leaving the mid-point of the target range at 5.125 percent › The updated dot plot implies a terminal Fed funds rate target range mid-point of…
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Fed Day
https://finance.yahoo.com/news/fed-expected-to-skip-a-june-rate-hike-but-signal-more-in-the-future-141346398.html The Fed’s benchmark interest rate stands in a range of 5%-5.25%, the highest level since September 2007. As part of its most aggressive rate hiking campaign since the 1980s, the Fed has increased the target range for its benchmark interest rate by 5 percentage points since March 2022.
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Fed Leanings….
https://finance.yahoo.com/news/why-the-feds-rate-decision-will-likely-be-a-last-minute-call-105028772.html Powell has been careful not to tip his hand, along with New York Fed President John Williams, Richmond Fed President Tom Barkin, San Francisco Fed President Mary Daly, Chicago Fed President Austan Goolsbee, and Fed Governor Chris Waller, who have also signaled to keep their options open. “Inflation is not as low as they…