Zero Hedge The Fed [Federal Reserve] hiked rates by a stunning (but expected) 75bps – the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is “strongly committed” to fighting inflation. The [Read More]
Like the three bears the Federal Reserve has three tools for fighting inflation. The one that’s too weak is the Federal Overnight Bank Fund Rate that gives very short term [Read More]
Federalist Determining the size of a market correction is extremely difficult, but if the 2008 crash is an indicator of what’s in store for us today, then if the current [Read More]
CNBC Paul Volcker, who as chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan helped tame inflation with 22% interest rates that also crunched American manufacturing, farming, [Read More]
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