The Federal “Open Mouth” Committee continues it’s Kabuki Dance. The FED has had how many meetings over the last 3-4 months while inflation continues to soar at it’s highest levels in 40 years. First the narrartive was uncertainty over the effets of Covid on the economy, then that the inflation would be “transitory”, we moved on to yes, we need to take action but they have now let two meetings slip by while taking NO action. They just continue to talk with their never ending Bullshit. They are going to increase up to seven times, they may go with a 50 basis point increase. It is all crap. They want to drive interest rates up with the talk and drive the stock market down with the talk. Not so much in either case to hurt the economy, just enough to slow things down so they don’t have to take any real action. Just a couple of cosmetic quarter point hikes before they cave once again.