Goldtent TA Paradise

SO WHAT WORDS CAME OUT OF “THE HOLE”

1. Gold Learner says:

   August 23, 2024 - 11:53 am at 11:53 am

   Farts?

2. Strider says:

   August 23, 2024 - 12:30 pm at 12:30 pm

   Confirmation that the turn on interest rates is in, so cut in September of at least .25%. Employment is now the main concern. Congratulates the Fed on taming inflation. On the whole, pretty much what was expected. Markets seemed to like the speech. In my opinion, like most Fed pronouncements, much ado about nothing.

3. Gold Learner says:

   August 23, 2024 - 12:43 pm at 12:43 pm

   Sir Strider,
   The “new normal” will be anything but normal!

   Fed has not tamed inflation! The spiraling prices have killed the consumer.
   Now, the Fed’s rate cuts will spiral inflation to the next higher, well, spiral level.

   Welcome to stagflation. Guaranteed.

   GL

4. pedro_deleon says:

   August 23, 2024 - 1:00 pm at 1:00 pm

   from Nick via WSJ

   The Powell pivot is complete.
   Powell is dovish across the board—from the same stage where he two years ago signaled the Fed would accept a recession as the price of restoring inflation:
   “The cooling in labor market conditions is unmistakable.”
   “It seems unlikely that the labor market will be a source of elevated inflationary pressures anytime soon.”
   “We do not seek or welcome further cooling in labor market conditions.”
   “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”
   “We will do everything we can to support a strong labor market as we make further progress toward price stability.”

   • silver fox says:

     August 23, 2024 - 1:08 pm at 1:08 pm

     Thanks for the summary, pedro_.