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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (173192)6/14/2021 7:19:01 PM
From: TobagoJack  Read Replies (1) | Respond to of 217873
 
<<There are a couple I want to own... all the time>>

yeup, if packing for a long ocean journey on a big boat no point sweating the details too much



To: sense who wrote (173192)6/15/2021 12:20:58 AM
From: TobagoJack1 Recommendation

Recommended By
maceng2

  Respond to of 217873
 
The tree in yard delivered ingredient for salad




To: sense who wrote (173192)6/15/2021 3:13:13 AM
From: TobagoJack2 Recommendations

Recommended By
Arran Yuan
SirWalterRalegh

  Read Replies (1) | Respond to of 217873
 
the meandering summer continues to meander

first summer in HK since daughter born 16 years ago

looking forward to the steam rising from the asphalt of the roads

found an old book and setting a mine for the jack, hoping he will pick it up out of boredom at some stage

daughter having fun learning about molecular something or other

during quiet lunch w/ son and daughter, I thought, "it is quiet out there. too quiet"

am supposing that gold can blow through a lot of stops should the investoriates take fright from any number of possible happenings

but they can try to scare us as they did the btc hodlers




To: sense who wrote (173192)6/16/2021 5:27:27 PM
From: TobagoJack  Read Replies (1) | Respond to of 217873
 
Re <<“soon”>>

I added the quotation mark to the below headline in highlight - it is a funny promise by the Fed

Looking like ‘they’ are gunning for utter absolute collapse of the money, not in the sense of relative value, as in currency exchange rate, but as money, in the sense of vaporization of econo-financial memory

bloomberg.com

Fed Sees Two Rate Hikes by End of 2023, Inches Towards Taper
Matthew Boesler
June 17, 2021, 3:23 AM GMT+8
Federal Reserve officials signaled that the pace of the U.S. economic recovery from the pandemic is bringing forward their expectations for how quickly they will reduce policy support.

Chair Jerome Powell told a press conference Wednesday that officials had begun a discussion about scaling back bond purchases after releasing forecasts that show they anticipate two interest-rate increases by the end of 2023, projecting a faster-than-anticipated pace of tightening

Follow reaction here in real time on Bloomberg’s TOPLive blog

“The economy has clearly made progress,” Powell said, noting that policy makers had debated how far the economy has traveled toward their threshold for scaling back $120 billion in monthly bond purchases. “While reaching the standard substantial further progress is still a ways off, participants expect that progress will continue,” he said.

“You can think of this meeting as the talking-about-talking-about meeting, if you like,” he added following a two-day gathering of the Federal Open Market Committee.



The central bank held the target range for its benchmark policy rate unchanged at zero to 0.25% -- where it’s been since March 2020. The FOMC vote was unanimous.

The dollar rose, stocks declined and yields on 10-year Treasuries jumped following the news.

“It’s a hawkish surprise,” said Thomas Costerg, senior U.S. economist at Pictet Wealth Management, referring to the rate projections. “We are looking at a Fed that seems positively surprised by the speed of vaccinations and the ongoing withdrawal of social-distancing measures.”

Read More: Treasury Yields Leap as Fed Officials Signal Speedier Hikes

The quarterly projections showed 13 of 18 officials favored at least one rate increase by the end of 2023, versus seven in March. Eleven officials saw at least two hikes by the end of that year. In addition, seven of them saw a move as early as 2022, up from four.

“The dots should be taken with a big grain of salt,” Powell said, referring to the interest-rate forecasts. He cautioned that discussions about raising rates would be “highly premature.”

The Fed marked up its inflation forecasts through the end of 2023. Officials see their preferred measure of price pressures rising 3.4% in 2021 compared with a March projection of 2.4%. The 2022 forecast rose to 2.1% from 2%, and the 2023 estimate was raised to 2.2% from 2.1%.

Consumer-price pressures have proven hotter than expected over the last two months. Labor Department figures showed a 0.8% jump in prices in April and a 0.6% rise in May, marking the two biggest monthly increases since 2009.



“As the reopening continues, shifts in demand can be large and rapid, and bottlenecks, hiring difficulties and other constraints could continue to limit how quickly supply can adjust -- raising the possibility that inflation could turn out to be higher and more persistent than we expect,” Powell said.

Labor Department reports on employment published since the last gathering of the FOMC in late April, on the other hand, have disappointed relative to forecasters’ expectations. The U.S. unemployment rate was still elevated at 5.8% in May, with total employment still millions of jobs below pre-pandemic levels.

Fed ForecastsStill, the FOMC median projection for unemployment in the fourth quarter of 2021 was unchanged at 4.5%, and the median estimate for the same quarter a year later was marked down to 3.8% from 3.9%. The 2023 forecast was held at 3.5%.

The U.S. economic recovery is gathering strength as business restrictions lift and social activity increases across the country. Robust demand from consumers and businesses alike has outstripped capacity, leading to bottlenecks in the supply chain, longer lead times and higher prices.

Fed officials have said such “fits and starts” are to be expected given the unprecedented nature of the pandemic and expressed optimism about the outlook for the second half of the year as more Americans get vaccinated.

The FOMC raised its projections for economic growth. Gross domestic product was seen expanding 7% this year, up from a prior projection of 6.5%. It maintained the 2022 expansion forecast at 3.3% and raised the 2023 estimate to 2.4% from March’s 2.2%.

— With assistance by Vince Golle, Nancy Moran, Steve Matthews, Christopher Condon, Catarina Saraiva, and Liz McCormick

(Updates with Treasury market. An earlier version of this story corrected an inflation rate projection)

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