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User Info 75 bips; entered at 2022-09-20 09:52:57
Flappingeagle
Posts: 4850
Registered: 2011-04-14
Quote:
What I hear you say is market holds the power, not the fed. Am I reading this right?

I have a somewhat different take on this. The FED does NOT have a crystal ball that lets them see the future. To put it bluntly, economic forecasting is shit.

Therefore, all that is left is to be reactionary. The FED can look at what the market is doing currently plus other data that is a few weeks old such as the amount of credit or inflation, and from there make a decision based on what they think is the best thing to do.

Flap
2022-09-20 09:52:57