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Tell Us You’re Not Surprised

“The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.”

We are looking for the real dancing to begin in a half hour with Warsh’s first presser.

The momentary market drop is a minor Belief (delusion) wave about rates going lower falling apart,

Watch it here;  The Fed – Live Video

~ure

(“We have a task force for that..”)  Statement on Longer-Run Goals and Monetary Policy Strategy

Some syrup with those waffles?

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2 thoughts on “Tell Us You’re Not Surprised”

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  1. I’m not surprised at all Mr. Ure.

    https://youtu.be/0UhExp_Kh70?is=DSuOtzHTE4fGTSq6

    At 5:00 the DTCC, tokenizing $94quadrillion in settlement at 98% efficiency. That pencils out to ~ $940 XLM or if we consider that Stellar foundation burned half of the supply back in 2019…. $1880 XLM

    https://www.cryptopolitan.com/stellar-burns-half-of-xlm-supply/

    And then there is that web3.0, 4th turning word again: “digital twin”.

    Not advice get your own hallucination and seek out a liscensed professional lol.

    Reply

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