BREAKING: The Fed Opts to Keep Interest Rates Unchanged. Rates to remain in the 5. 25% - 5. 50% range.
20 Sep 2023, 18:37
🚨🚨🚨BREAKING: The Fed Opts to Keep Interest Rates Unchanged
Rates to remain in the 5.25% - 5.50% range.
Stay tuned for comments from Chairman Powell coming up shortly đź‘€.
A decision will be made very soon in the #FOMC meeting! Is Powell about to CRUSH markets? #RichQUACK $QUACK
Jerome Powell and the Fed since 2020:
1. Mar 2020: Inflation won’t be a problem
2. Jan 2021: Inflation is “transitory”
3. Sept 2021: Interest rates won’t rise until 2024
4. Jan 2022: Recession is needed to lower inflation
5. Dec 2022: Disinflation has begun
6. Feb 2023: A “soft landing” is possible
7. Mar 2023: Banking system is “stable”
8. NOW: Fed staff “no longer expects a recession”
Not a single statement has been correct.