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Eccentricc t1_jacla1k wrote

BOFA DEEZ NUTS

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[deleted] t1_jacn0yy wrote

[deleted]

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Ennkey t1_jacl59a wrote

Please just give me one big fat straight up 4% hike to 10%, stop fucking with me

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Natural-Being t1_jad1a2d wrote

Bring it down to 0% and inflation will cancel all the debts out!

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RationalOpinions t1_jacj6mu wrote

At this point that would be a very marginal increase

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Dozekar t1_jad2hzy wrote

They don't have the balls to raise rates above the projected inflation rate.

They're still printing money just slower.

img

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edit: For the non-doomers think about that. Your savior the fed with his soft landing won't even raise rates to match inflation. The economy is so fucked that they can't turn the inflation pump off or you all crash.

GLHF.

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Brickolas_Cage t1_jaet59h wrote

Why do twats on this sub think there’s some doomsday inflection point at cpi / fed funds rate convergence

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PrettyDislikeMachine t1_jaesg6j wrote

How do you magically project the inflation rate? Because the last seven months annualized is 3.3%... that quite a bit lower than the current 4.75 overnight rate.

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DarkElation t1_jaetb9z wrote

It’s hilarious to me because when people started using this metric it was showing like 0.8%. Now it’s at this and I think those people are slowly starting to realize this isn’t the best metric.

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FLYWHEEL_PRIME t1_jaedisy wrote

Too many non producers on the planet, the white thing is destined for failure at long as anything close to welfare or general assistance exists

−9

readonlypdf t1_jacj151 wrote

That's what 50 basis points?

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TingleyDinglies t1_jadc8qe wrote

Just bump it to 8 or 9 and get this shit over with already

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Asleep_Emphasis69 t1_jact8k8 wrote

You gotta pump those numbers up. Those are rookie numbers in this racket.

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Surlax t1_jacgd4j wrote

Guess my calls belong to Wendy’s dumpster as well as I do

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crypt0_sports t1_jacittk wrote

No bad news is good news these days , hold the line Sparta

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R_lbk t1_jacurvb wrote

And my puts/leveraged inverse etfs.

One day up one day down. Sideways overall. Fuck us eh.

3

maceman10006 t1_jacvfub wrote

Fed also may raise to 69.420%. We all can make predictions to

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I_Am_Graydon t1_jadtx3n wrote

Every time we've had inflation, it was vastly underestimated and it stuck around much longer than expected. I think we'll see the same thing, and it will culminate with a Paul Volker style Fed-induced recession once they decide to quit fucking around (which is exactly what they're doing now).

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RockyattheTop t1_jadul4b wrote

I think at some point Powell gets booted as chair. If inflation is still bad, welcome in Chairman Jim Blaze aka Bullard. First press conference only one sentence will be said, “Fuck your calls” then he mic drops and walks off the stage.

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RegiGoldCard t1_jacwxpb wrote

Market: Bullish. Pivot in sight.

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n1ck90z t1_jact8tw wrote

How about 100%?

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jraiv420 t1_jad8ov7 wrote

My SQQQ thanks Papa Powell

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BugTotal6212 t1_jacl4pg wrote

There going to raise till ffr = cpi.

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Dozekar t1_jad335d wrote

If they intended to do that they wouldn't have already lowered the rate raises. They know the political government will start tampering with them again. As soon as they got whiney they slowed the rate raises.

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There is no way they're ever controlling inflation, they completely blow that out of the water with the 25bps hike.

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PrettyDislikeMachine t1_jaetgwk wrote

The last seven months inflation annualized is 3.25%, while the fed rate is 4.75%, so they are already there. YoY inflation will be below 4.75% by June due to base effect.

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CCCmonster t1_jadc2tb wrote

Those are rookie numbers

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Xenon2212 t1_jae5jyc wrote

Might? You mean will.

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turbo_dude t1_jaei9yo wrote

It’s amazing how people can’t grasp how much money was printed and how big a fart needs to be let out.

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Xenon2212 t1_jaewnq1 wrote

Fr though the market is begging to be purged

1

Jerund t1_jad9bzz wrote

Q3 2023 recession predicted by BofA? BET. Imma buy puts now to save y’all.

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Rim_World t1_jadj4jj wrote

You know who else called this... Last year... Me

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blueaznsbo t1_jaf1pv1 wrote

Fuck it. Raise it to 10%

3

Cautious_Dimension81 t1_jadnr5y wrote

Bank of America 🇺🇸 is not one of my picks for stocks. Thanks anyways.

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BooBeef t1_jadwdrw wrote

Counter argument: They might not

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MOLADIBARI t1_jaek423 wrote

Watch when it's 15 percent

2

Alpacalpa t1_jaewn7y wrote

rates could also go to 20%, or 2%, or 10%, or 1%

2

VisualMod t1_jacfz2i wrote

User Report
Total Submissions 2 First Seen In WSB 1 month ago
Total Comments 1 Previous Best DD
Account Age 1 month [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
1

rick22551 t1_jae9e7z wrote

What does this mean for us poor people?

1

MD_Yoro t1_jaebnyg wrote

Wake me up when 7%

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Lapp01 t1_jaejqeh wrote

Bofa is new ligma?

1

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ligma?

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1

[deleted] t1_jaewwqp wrote

The Fed is obviously trying to create a recession. They don’t want a “soft landing”.

I’m convinced it’s all a scheme to drive salaries lower.

1

krccommerce t1_jaf0ung wrote

I have never posted in wsb but this post is right. Capital does not have its foot squarely on the neck of labor and it will drive the economy right God damned down until it does. BET.

You peons will get your ass back into the office or else.

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Jabroni_16 t1_jaexjrz wrote

Do the 12% he wants to be at and let’s get it over with.

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Kingtrading1 t1_jaf1yib wrote

So what’s next crashing the market !

1

SilentPhanto t1_jaf23xa wrote

Wtf I just took out a 5% 18 month CD today. 😭

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KuntFuckula t1_jad67c0 wrote

I’ve been saying for awhile that we’re going over 5.5%, the market is just now figuring this out.

0