As of yesterday's report it is still on the regular cycle of 3 weeks higher, one week lower. Once they do start I'll be curious what that cycle will look like, and of course how long it will last.
He's posting the 3 month view. Note the URL at top of pic. Rick is not good at providing the infoooo...
Rickshawman is riding around town in his rickshaw. https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Yes @zdreg that is what I just posted with the pic. I highlighted the link with a red box. *smacks zdreg with a large trout*
When dragging it it defaults to https://www.elitetrader.com/et/attachments/fomc-assets-jpg.287079/ Thx.
He is trying to stay true to his promise of not driving the economy to a recession despite all the rate hikes. Of course this maneuver just negates all the inflation-fighting measures. The best way to bring inflation down without going into a recession is to increase production and make everybody get off their a$$ and WORK and produce stuff!! That would require an implementation of policies over a large scale on an overall basis and that's not Powell's job and it's beyond Powell's competence or capability so this is the best Powell can do to compensate for Biden's incompetence.
You are right that a full scale mobilization is needed. That needs a visionary leader, Biden can barely see.
Yet somehow we have very, very low unemployment. Maybe just maybe old folks, that were in low paying service jobs dealing with the public, said it ain't worth their health for the money. And immigration, legal or otherwise, has been curtailed. Who's left 4yr olds? Meanwhile, where have you been, stuff is produced by China since about 1996.