ECONOMIC UPDATE: Fed's Next Move
Minus a wild card, such as the Ukraine War escalating and/or war in the Middle East the Fed’s pause on interest rate hike will prove positive for equity markets
All the economic eyes are on the central Banksters. What will they do next? Raise, lower, or hold interest rates?
The answer?
Right or wrong, they’ll make up anything they want.
The bets were that Australia and Canada would not raise interest rates.
Last Tuesday, Australia’s central bank raised interest rates by 25 basis points to an 11-year high. And in Canada, the Banksters racked up their fastest tightening cycle in their history, bringing interest rates to a 15-year high of 4.5 percent.
MEDIA COVERAGE OF UKRAINE: A GREAT FLOOD OF PROPAGANDA
And with their economy not recovering from the COVID War they launched on Lunar New Year 2020, “The Year of the Rat,” today, China’s central Banksters lowered short-term lending rates for the first time in 10 months, cutting its seven-day reverse repurchase operations to 1.9 percent from 2.0 percent.