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Powell makes it clear: No rate cuts anytime soon

Housing Wire

Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. Powell: “The performance of the U.S.

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Four Horsemen of the Housing Apocalypse, Part 3: On a Black Horse – Recession

Notorious ROB

But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been forced to “take action” by which we mean raise rates a tiny bit, then jawbone a whole lot about how tough they’re going to be on inflation. Tesla is instituting a hiring freeze and cutting some 10,000 jobs. ” —? .”