America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.
Every day, we face a new challenge. It has become the new normal. We felt it was a catastrophe at first, but now we know it's a new normal to which we must adjust. This year will be a year of great economic suffering across the country. What initiatives can we take to earn additional revenue during the period of quantitative adjustment?I can't afford for my hard-earned $200k to fall to dust.
Recessions are ideal chances for wealth generation in the world of finance. When my portfolio suffered a substantial loss in April of last year, I recognized I needed to hire a financial advisor. With her help, I not only recovered my losses but also made a profit of $250k. This experience has provided me with information and abilities that have been useful in my pursuit of financial success.
@@danieljackson87 Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
@@mikeharry96: _$200k?_ If you have $200k at your disposal and you're suffering, that's on you. You are out of touch with what's real and you're living an impractical life. When I'm thinking about prices, and this so-called suffering, I'm thinking about people making less than $15 an hour. If the price of sports cars goes up, don't buy one. If they don't sell, the price will go down.
Inflation can never return to 2% ever in our lifetimes…with a national debt increasing at 1 trillion every three months.Last 1 trillion took 95 days,currently 913 billion increase in last 86 days.
Biden giving billions to Ukraine and yall supporting that is a reason why our spending is like that.. Zelenski flies once night and takes 200 millions with him.. is not our fault
The stock market has been on a tear over the last month on hopes for a dovish pivot from the Fed, but investors like me have seen this movie before whereby i'm left pondering if to sell off 30% of my $450k portfolio which comprised of plummeting stocks or hold on.
Predicting short-term market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
Agreed, which is exactly the reason I stopped taking advise from RUclipsrs; in the long run, I only end up with a jumbled collection of stocks and bonds. Whereas all I needed to earn over $350k in less than three years was guidance from a true market strategist.
This is really impressive, hope you don't mind if I ask you to recommend this particular professional you use their service? I had quite a lot of difficulty sorting myself out in this downtime.
Heather Lee Larioni is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I think Powell SHOULD have hiked rates again. Inflation is still very dangerous. It has already wrecked havoc for average earners and retired people. What we really need is deflation to bring homes, real estate, cars, and consumer goods back in line with reasonable prices. Higher will will force that and benefit retired people who are living off their savings in the meantime! Of course the rich hate the deflation but they like the inflation. To average people however, most people, inflation is devastating and deflation is a sigh of relief. Powell should have put the weight of his foot heavier on the neck of inflation and not released the pressure too soon. High and higher interest rates will bring big ticket prices of anything bought on time back down. That is what most people need! Inflation in these items was CAUSED mostly by interest rates TOO LOW. When rates are too low sellers can and WILL raise their prices on the asset itself because lower rates hold down payments. But when interest rates go back up people can't afford the payments on those high asset prices, therefore the prices have to come down. What we DON"T WANT now are lower interest rates. Prices of homes, cars etc will continue to rise out of reach of most people and inflation in other things will take off again even higher if rates are lowered! Powell should have raised the rate again! He is caving to pressure from people who don't care about the average and poor masses, though he SAYS he knows their plight? BS!
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun...
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a professional
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment..
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
They haven't quite recovered all the pandemic stimulus. All that liquidity has to find its way home. Corporations don't like inflation if it has to be fought with high interest rates because it makes money more expensive. Rather than pay for their money like everyone else, corporations get mad and want to take their ball home. Borrowed money is the lifeblood of corporations.
@@fanban2926 I surely do want low rates. It's why I haven't bought a newer vehicle. One that's a need, not neccesarily a want. Do you think that things would be better if Fed left things alone? The only tool they have is interest rate control. Maybe let free market dictate?
I think labor issues is the bigger part of what's causing price spikes. I'm pretty sure that's why Prez Joe opened the door down south to alleviate that. They do what the elite Corp heads need them to do.
“Inflation is coming down, but price levels are not coming down.” True statement! Lower Inflation just means prices have stopped growing quickly. Great response. Powell understands whats going on
Deflation means demand of goods in the economy is lower than the supply, what happens is companies start cutting employers because there are essentially lower supply that it used to be. That is when you start crying for a job.
A reading of Fed policy shows that 2 percent was once the ceiling. Now it is an unreachable goal, even though the definition of inflation has been redefined multiple times.
if interest rates go up where should i look to put money into? I currently have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar.
Long term? Stocks. Small-Caps are poised to perform better in the coming year despite Fed actions with rates to make investors worried. you should look into which the Best Small-Caps Stocks to position into.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in this shaky economy, can your advisor be of help please
Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be a true expert in her field. I looked her up on the internet and discovered her website, which I browsed and read to learn more about her credentials, academic background, and career. She has a fiduciary duty to me to act in my best interests. I scheduled an appointment to utilize her services.
Historically the current rate is still low. Rates may need to approach double digits. Prices for big ticket items still have not fallen much. The average wage earner can not afford the current average home prices. If we pivot at this point, things like home prices will most likely increase.
@@sharpshot6111 1) how did you determine that the historical rate is the “right” rate today? 2) how did you determine they need to be double digits? 3) how many average people pay cash for big ticket items? How does interest rate affect the cost of these? 4) how did you determine that the average earner cannot afford a home? What data / research did you base this on? 5) how did you determine home prices will increase? If we increase rates and houses don’t fall sufficiently how can the average person afford a mtg, pmt?
@@sharpshot6111 1) how did you determined the historical rate is where it should be? 2) how did you determine rates should approach double digits? 3) what do you consider big ticket items? 4) and if interested rates goes up and mtg pmt go up does it make houses more affordable? How did you determine the perfect trade of between ratss and inflation? 5) how did you determine that houses will increase if we pivot?
@@seant2808Monetary policy is not being independent and reducing purchasing power and quality of life for hard working Americans. Stay in your damn lane.
Please someone should help here... I lost $8,400 on live trade, I thought live trade is the same as demo trade because I was winning with my demo account. Please this is quite annoying and disappointing, what should I do please.
I once saw this same recommendation from someone else but I didn't bother chatting her up. I keep losing really I still don't understand how the stock and crypto market works.
I invested with Mrs Helena Crouse after I had received a loan from my friend and now after receiving profit, I paid my friend the money I had loaned from her and still have 5x my capital and reinvested over and over again. I must say, she is very transparent and honest
This guy refuses to slow down the economy. He’ll do anything but that. This is what they mean by wealth transfer, inflation hits the poor while the rich sell assets and get more rich.
what ? rate hiking is what the fed does in order to slow down the eco. and decrease the inflation. what the wealth transfer bs has anything to do with what the fed does ?
I meannnnn....BlackRock does own the network. I hear a bullish sentiment towards Bitcoin. Meaning exactly what you said...No middle class..only the consumers and the sellers.
The problem is the unforeseen developments. I do not see prices coming down. Just a few areas with overpriced houses. What about gas? Oil is $6979 a barrel. Why is gasoline still around $5? Used to have $2.50 gasoline with $75 oil. Food has not come down. Meat is ridiculous. I think we are stuck with these high prices forever. It is the high prices which is cooling the economy, not interest rates. People are not buying.
Yep - they have jacked everything up, bring it down slightly and you think things have improved - except people forget what the prices were at the start
When Fed is committed to bring inflation down and continue to hold interest rates, why are the investors and news channels speculating that the mortgage rates will drop in 2024 which will cause home prices to spike ? Whatever Fed is doing will defeat the purpose of home prices continue to go up.
yeah I have a feeling a lot is not being said here inflation is not going away as easily as these bankers wish it would. They want him to lower rates so bad because their loans and other notes have drastically taken a hit...I have a feeling it will not be so easy in '24, but Powell is not going to say more than what he knows...and then he talks about what he HOPES happens next year. Bankers just want the interest rates down ASAP, but next year I think sees an inflation bounce...inflation never just goes straight down after rate hikes, there is always a bounce...it will come in 24.
What use is lower inflation when prices are still so high. We need a period of deflation to get prices of goods and services back down to a sane level. Of course, be careful what you ask for.
You are wrong, what he is saying is correct. He doesn’t want to be too optimistic but whatever has happened to the economy is amazing this year. Honestly, the best scenario ever.
The national average in the past 30 years has been 7 +% while the 30 year median home price was $130k. My first home was $132k at a 5.8% rate when I was 25. On my own, one single income. While I agree rates do affect what you pay on a home in the long run. The prices are not reflecting today’s income vs down payment and the cost of taxes with insurance. When home prices are lower so are taxes and insurance and no PMI. Regardless of price vs interest I think we can all agree the last 3 years has been ridiculous. Values need to be a YOY from 2019 prices 3-4% and rates between 5-6%
Prices will never come down! The solution is for the public to stfu, eat less and pay more! It's the American way! My dad remembers when bread was a nickel! Bread never went back to a nickel! PRICES NEVER GO DOWN!
You realize other countries are also trillions in debt and climbing too right? We give so much money to other countries to support their economies and their issues, it is bound to happen. Google how much the USA gives to European countries and other countries...we support the global economy more than anyone else. Stop your crying.
Why do they exclude food and energy from inflation calculations? Wouldn’t considering these numbers help direct the path they need to take if it’s all about decreasing pain in the economy? People are putting things on credit because prices are so high and people can’t pay the bill because the interest is so high. Just hike to the point that people break to force adjustment in prices and then maybe people will be able to afford to pay cash for necessities. This just makes no sense and this would be the question I would be asking if I was in there. 🧐
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson
yeah I have a feeling a lot is not being said here, inflation is not going away as easily as these bankers wish it would. They want him to lower rates so bad because their loans have drastically taken a hit...I have a feeling it will not be so easy in '24, but Powell is not going to say more than what he knows...and then he talks about what he HOPES happens next year.
Powell better hold the rates high and run off that balance sheet to restore the purchasing power that was "borrowed" during 2021 thru 2022, really the last decade.
Thank you for not killing our country . Wow I hope all the money the government is sending to those other countries can send back some money cuz we will needed when people start loosing there homes and living in the streets
No, it's not. But what gets me is this: People are not comprehending what these people are saying about our economy, and how it works. Most of us are hearing it but not peaceful together what it really means. These people are trying to create a set level of unemployment. When it gets too low, the Fed will raise interest rates to slow growth. Is that really the only way to control inflation, by intentionally hurting a segment of the population? How about price controls? A lot of the inflation was driven by profit. Do we really have to create a permanent underclass?
Well, no. But it depends on your vision of the economy. Let me clarify. If you think obese people are obese due to genetics and not because they have a surplus of daily energy, then you'll blame genetics. It's the same with inflation. If you think there is another cause of inflation rather than demand-supply for a given currency (in which the rate of circulation, monetary mass and overall demand act together), then you'll propose something as flawed as price controls and would imply, as you did, that prices are driven by profit (which they are, but, in all the world there is greed, but not all the world have the same rate of inflation). If you don't believe me just read the history of Argentina (I did not say Venezuela, Cuba, china, socialist Germany or others because I think I'll be depicted as a "negationist neo-n*z* neoliberal or something like that") @@alricthered226
yeah I have a feeling a lot is not being said here, inflation is not going away as easily as these bankers wish it would. They want him to lower rates so bad because their loans have drastically taken a hit...I have a feeling it will not be so easy in '24, but Powell is not going to say more than what he knows...and then he talks about what he HOPES happens next year.
@@rockandrollismylife indeed, the liquidity could boost real estate prices which is already in short supply causing a super-bubble as mortgage rates decline. If that bubble bursts, yes just like Japan
Yeah but the fed sold a trillion in securities and he said will continue to do so. Why fight the fed the have and print all the money that flows into securities and they're still selling!
Jerome Powell just sold out the middle class for the mega rich. Shame on you! House prices were Finally coming down and you just ruined it by dropping rates!
Your blaming the homie Jerome, for the commodity shock experienced because of Russias invasion of Ukraine? Imagine, blame this guy for not being able to predict a country invading another in the 21st century, then the accompanied sanctions to oil. At this point, J has inflation cooled while maintaining a tight labour market. Someone needs to send this guy a cookie.
@@nicklaird6544 Jerome Powell printed MILLIONS everyday when Covid hit mate! Nothing to do with the war! This guy takes the lead when it comes to your economy! He should resign immediately like Elizabeth Warren told him to do! Greetings from Australia 🇦🇺
@@nicklaird6544 Inflation started a year before the war. FED and ECB reacted far too late to the inflation because they thought it would be transitory.
Best way to build wealth is to learn how to invest. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great investing book for teens.
i think you need to look at inflation depends on what sector. like mostly the reason inflation is lower because of lower oil prices and gas prices. with that the whole supply chain gets deflated. so to me. the rates should be based on inflation rate apart from the oil rather than including that
My sincere advice to new investors is to focus on buying and holding high-quality stocks. Avoid getting swayed by market forecasts and opinions, as they often provide entertainment rather than valuable guidance.
"maybe people just bought so much stuff that they temporarily don't want any more stuff they haven't got any place to put it" OF COURSE THAT MUST BE WHY AREN'T BUYING STUFF NOT BECAUSE THEY ARE BROKE BUT BECAUSE THEY BOUGHT TOO MUCH STUFF AND RAN OUT OF SPACE!!!!
IDK what metrics this guy is looking at when considering home affordability and inflation. Rates are up 2.5x and home prices are still increasing. That inflation in living costs is crazy and wages are not even close to compensating. First time home buyers are getting completely boned. The only way higher interest rates make sense is if they can actually bring DOWN home prices to levels in line with wage growth over the last 3 years.
I'm paying more for groceries than ever in my half century life. Maybe you feds judge inflation based on the cost of your yachts and vacation homes but the rest of us are suffering.
You have one objective in this life: survival. That’s it. Everything else is irrelevant, useless garbage. In order to survive, you adapt. Get out there fish, hunt, trap and forage. Enough of this “going to the grocery store” nonsense. You can live on squirrel, chestnuts, fiddleheads and blackberries.
@@Shinobi6677 maybe you arent used to Fedspeak, but JPow confirmed rate cuts and signalled they would be coming sooner than most people think. His exact words were something thing "cutting WELL BEFORE inflation reaches 2%".. and inflation just printed 3.1%, so... rate cuts possibly at next meeting
Something is very wrong and why would anyone think that the economy is fixed when goods prices are at the highest and the debt is 3.6 trillion dollars.
@@nomooon I think Chairman Powell is one of those under-appreciated people who works so hard behind the scene, analyses tons of data, derives at correct decisions and yet takes the blame for everything 😢
@@danielkhong1980 he is one of those clowns who claimed the inflation is transitory. Then comes out later to say oops they made a mistake.... They are playing with our livelihood and all they can do is say sorry they messed up....
It was such easy money. Everyone had been betting on the market dropping, plus seasonality, Santa doesn't like grinches... Not until Jan at least when he's back at the north pole. But I do think a lot was short coveting and pushed buying. This seems a lot like the 70s-80s in my studies. It came down, then went up for a while..
@@brendansmith7842 personally i don't trade December because I'm already in holiday mood. But i do watch the charts sometimes. I trade again mid-January.
each participant judges to the most likely scenario going forward while participants do not view 6:34 it as likely to be appropriate to raise interest rates further neither do they want to take the possibility off the 6:40 table if the economy evolves as projected the median participant projects that the appropriate level of 6:46 the federal funds rate will be 4.6% at the end of 2024 3.6% at the end of 2025 6:54 and 2.9% at the end of 2026 still above the median longer term This is where all the hype reported by the media comes from about the so-called rate cuts. This looks to me more like wishful thinking at best or FOMO market manipulation at worst. Buy at your own risk.
America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.
Every day, we face a new challenge. It has become the new normal. We felt it was a catastrophe at first, but now we know it's a new normal to which we must adjust. This year will be a year of great economic suffering across the country. What initiatives can we take to earn additional revenue during the period of quantitative adjustment?I can't afford for my hard-earned $200k to fall to dust.
Recessions are ideal chances for wealth generation in the world of finance. When my portfolio suffered a substantial loss in April of last year, I recognized I needed to hire a financial advisor. With her help, I not only recovered my losses but also made a profit of $250k. This experience has provided me with information and abilities that have been useful in my pursuit of financial success.
@@danieljackson87 Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
Her name is Stacey Laura Alviani can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@@mikeharry96: _$200k?_ If you have $200k at your disposal and you're suffering, that's on you. You are out of touch with what's real and you're living an impractical life. When I'm thinking about prices, and this so-called suffering, I'm thinking about people making less than $15 an hour. If the price of sports cars goes up, don't buy one. If they don't sell, the price will go down.
Inflation can never return to 2% ever in our lifetimes…with a national debt increasing at 1 trillion every three months.Last 1 trillion took 95 days,currently 913 billion increase in last 86 days.
it absolutely can and will. but it will require a depression. No way out of a depression
Biden giving billions to Ukraine and yall supporting that is a reason why our spending is like that.. Zelenski flies once night and takes 200 millions with him.. is not our fault
Exactly
All they have to do is change how they calculate inflation, then bam😅
It will come down to 2% in papers.... reality will be different.. oil, energy,food everything will rise over the time
The stock market has been on a tear over the last month on hopes for a dovish pivot from the Fed, but investors like me have seen this movie before whereby i'm left pondering if to sell off 30% of my $450k portfolio which comprised of plummeting stocks or hold on.
Predicting short-term market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
Agreed, which is exactly the reason I stopped taking advise from RUclipsrs; in the long run, I only end up with a jumbled collection of stocks and bonds. Whereas all I needed to earn over $350k in less than three years was guidance from a true market strategist.
This is really impressive, hope you don't mind if I ask you to recommend this particular professional you use their service? I had quite a lot of difficulty sorting myself out in this downtime.
Heather Lee Larioni is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I just looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her. Thanks a lot man
I think Powell SHOULD have hiked rates again. Inflation is still very dangerous. It has already wrecked havoc for average earners and retired people. What we really need is deflation to bring homes, real estate, cars, and consumer goods back in line with reasonable prices. Higher will will force that and benefit retired people who are living off their savings in the meantime! Of course the rich hate the deflation but they like the inflation. To average people however, most people, inflation is devastating and deflation is a sigh of relief. Powell should have put the weight of his foot heavier on the neck of inflation and not released the pressure too soon. High and higher interest rates will bring big ticket prices of anything bought on time back down. That is what most people need! Inflation in these items was CAUSED mostly by interest rates TOO LOW. When rates are too low sellers can and WILL raise their prices on the asset itself because lower rates hold down payments. But when interest rates go back up people can't afford the payments on those high asset prices, therefore the prices have to come down. What we DON"T WANT now are lower interest rates. Prices of homes, cars etc will continue to rise out of reach of most people and inflation in other things will take off again even higher if rates are lowered! Powell should have raised the rate again! He is caving to pressure from people who don't care about the average and poor masses, though he SAYS he knows their plight? BS!
Correct. Powell should stick to the plan. NEVER cut the rates in 2024.
Agree
Arthur burnes 2.0
If nothing else, at least not mention the rate cuts in 2024
@@lankyrob6369Arthur Burnes v2.0 but nothing updated lol only name was changed.
the FED is a disappointment, why discuss rate cut when everything about the economy is still raising?
unless they wanted to create a greater divide in between the rich and poor...
The FED is working for the banks! That's why.
This is what it looks like when you have a weak fed chairman
dude makes $200k a year to say the same thing over and over again
lol
JP net worth $56M.
That Part!
He had big money long before he got this job.
He makes a hell of a lot more than that - they lies about ALL numbers and statistics
Must be nice to have a money printer.
It's pretty much promising to pay in the future. So you are using now and your kids will pay it.
There is no money being printed! It's a mouse and Keyboard in a Federal Reserve Office!
@@chuckrennert5783 We All know that. It’s still called money printing.
40% inflation after all these years
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun...
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a professional
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment..
Hi Mate, please how can i reach this CFA of yours?
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly
When he said pain last year it means pain for the middle class not the rich !
No it means pain for the Poor... Its inconvenience for the middle class and a gift to the Rich
What middle class?
you just cracked that now? its been happening since inception of USD
his job is to dissolve the middle class. actions speak louder the words. look around u
Worst administration I've ever seen.
They haven't quite recovered all the pandemic stimulus. All that liquidity has to find its way home. Corporations don't like inflation if it has to be fought with high interest rates because it makes money more expensive. Rather than pay for their money like everyone else, corporations get mad and want to take their ball home. Borrowed money is the lifeblood of corporations.
Rates is just the government medalling with the free market. Corporations aren't unique in wanting low rates, consumers want it too.
@@fanban2926 I surely do want low rates. It's why I haven't bought a newer vehicle. One that's a need, not neccesarily a want. Do you think that things would be better if Fed left things alone? The only tool they have is interest rate control. Maybe let free market dictate?
I think labor issues is the bigger part of what's causing price spikes. I'm pretty sure that's why Prez Joe opened the door down south to alleviate that. They do what the elite Corp heads need them to do.
Especially innovators like startups.
They are trying to get rates down before the government needs to refi 7.5T in bonds next year. Inflation is now not the top priority.
I wonder if it also has to do with next year being an election year, though he would never admit that publicly
@@ricardofrancia8825 Possibly.
“Inflation is coming down, but price levels are not coming down.” True statement! Lower Inflation just means prices have stopped growing quickly. Great response. Powell understands whats going on
Exactly.. only deflation and recession can bring prices down
Am I the only one here who wants deflation? Because higher interest rates without deflation just feels so useless. Specifically towards housing.
Deflation means demand of goods in the economy is lower than the supply, what happens is companies start cutting employers because there are essentially lower supply that it used to be. That is when you start crying for a job.
A reading of Fed policy shows that 2 percent was once the ceiling. Now it is an unreachable goal, even though the definition of inflation has been redefined multiple times.
Avoids talking about fiscal policy and the huge debt burden
what do you want him to do bro, he can't control what politicians do
@@mothgruhe doesn't need to control politicians. He just needs to comment honestly on what deficits and massive debt means for monetary policy.
Fiscal policy and debt isn't his problem.
All gobbidy guke.
He could certainly call it out but they are all peas in a pod - a very corrupt pod at that@@santoshrathod123
if interest rates go up where should i look to put money into? I currently have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar.
Long term? Stocks. Small-Caps are poised to perform better in the coming year despite Fed actions with rates to make investors worried. you should look into which the Best Small-Caps Stocks to position into.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in this shaky economy, can your advisor be of help please
Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be a true expert in her field. I looked her up on the internet and discovered her website, which I browsed and read to learn more about her credentials, academic background, and career. She has a fiduciary duty to me to act in my best interests. I scheduled an appointment to utilize her services.
Thank you for update.
Make Rate Hikes Great Again
Honestly stick to the plan. He said one more hike by end of year
We need much higher interest rates.
How high and how do u know?
Historically the current rate is still low. Rates may need to approach double digits. Prices for big ticket items still have not fallen much. The average wage earner can not afford the current average home prices. If we pivot at this point, things like home prices will most likely increase.
@@sharpshot6111 1) how did you determine that the historical rate is the “right” rate today?
2) how did you determine they need to be double digits?
3) how many average people pay cash for big ticket items? How does interest rate affect the cost of these?
4) how did you determine that the average earner cannot afford a home? What data / research did you base this on?
5) how did you determine home prices will increase? If we increase rates and houses don’t fall sufficiently how can the average person afford a mtg, pmt?
@@sharpshot6111 1) how did you determined the historical rate is where it should be?
2) how did you determine rates should approach double digits?
3) what do you consider big ticket items?
4) and if interested rates goes up and mtg pmt go up does it make houses more affordable? How did you determine the perfect trade of between ratss and inflation?
5) how did you determine that houses will increase if we pivot?
liar liar pants on fire
Agree
Like you even know what monetary policy is....Try staying in your lane.
@@seant2808Monetary policy is not being independent and reducing purchasing power and quality of life for hard working Americans. Stay in your damn lane.
What is the motivation to cut rate next year ? Are you seeing the economy turning bad next year ?
They want the fall out to occur when trump is in office.. They just buying time
Please someone should help here... I lost $8,400 on live trade, I thought live trade is the same as demo trade because I was winning with my demo account. Please this is quite annoying and disappointing, what should I do please.
I once saw this same recommendation from someone else but I didn't bother chatting her up. I keep losing really I still don't understand how the stock and crypto market works.
I invested with Mrs Helena Crouse after I had received a loan from my friend and now after receiving profit, I paid my friend the money I had loaned from her and still have 5x my capital and reinvested over and over again. I must say, she is very transparent and honest
Mrs Helena has really made name for herself. Investing with Mrs Helena has been one of the best steps I've ever taken in life.
Please how can I get through to her
This guy refuses to slow down the economy. He’ll do anything but that. This is what they mean by wealth transfer, inflation hits the poor while the rich sell assets and get more rich.
what ? rate hiking is what the fed does in order to slow down the eco. and decrease the inflation. what the wealth transfer bs has anything to do with what the fed does ?
I meannnnn....BlackRock does own the network. I hear a bullish sentiment towards Bitcoin. Meaning exactly what you said...No middle class..only the consumers and the sellers.
@@thebrokediet9787 Bitcoin and anything crypto is how you lose money. Put your money into real assets like Stocks and Bonds
The problem is the unforeseen developments. I do not see prices coming down. Just a few areas with overpriced houses. What about gas? Oil is $6979 a barrel. Why is gasoline still around $5? Used to have $2.50 gasoline with $75 oil.
Food has not come down. Meat is ridiculous. I think we are stuck with these high prices forever.
It is the high prices which is cooling the economy, not interest rates. People are not buying.
Yep - they have jacked everything up, bring it down slightly and you think things have improved - except people forget what the prices were at the start
Gas IS about $2.50 per gallon in 26 states. Outside CA, where is gas near $5.00?
When Fed is committed to bring inflation down and continue to hold interest rates, why are the investors and news channels speculating that the mortgage rates will drop in 2024 which will cause home prices to spike ? Whatever Fed is doing will defeat the purpose of home prices continue to go up.
So basically, we're screwed.
yeah I have a feeling a lot is not being said here
inflation is not going away as easily as these bankers wish it would. They want him to lower rates so bad because their loans and other notes have drastically taken a hit...I have a feeling it will not be so easy in '24, but Powell is not going to say more than what he knows...and then he talks about what he HOPES happens next year.
Bankers just want the interest rates down ASAP, but next year I think sees an inflation bounce...inflation never just goes straight down after rate hikes, there is always a bounce...it will come in 24.
You are quite correct.
Yes and Powell knows squat.
What use is lower inflation when prices are still so high. We need a period of deflation to get prices of goods and services back down to a sane level. Of course, be careful what you ask for.
You are wrong, what he is saying is correct. He doesn’t want to be too optimistic but whatever has happened to the economy is amazing this year. Honestly, the best scenario ever.
Rampant federal expenditures fuel inflation while the federal reserve tries to reach 2% inflation goal. This is tug war.
It is good or bad?
He keeps saying 2%, 2%, 2%. We'll never see it!
dont fight the fed
The national average in the past 30 years has been 7 +% while the 30 year median home price was $130k. My first home was $132k at a 5.8% rate when I was 25. On my own, one single income. While I agree rates do affect what you pay on a home in the long run. The prices are not reflecting today’s income vs down payment and the cost of taxes with insurance. When home prices are lower so are taxes and insurance and no PMI. Regardless of price vs interest I think we can all agree the last 3 years has been ridiculous. Values need to be a YOY from 2019 prices 3-4% and rates between 5-6%
Professional liar
Prices will never come down! The solution is for the public to stfu, eat less and pay more! It's the American way! My dad remembers when bread was a nickel! Bread never went back to a nickel! PRICES NEVER GO DOWN!
So to sum up, buy Gold or lose everything 😢
You read my mind!
Buy gold , save haven
$34 trillion and rising 😂
You realize other countries are also trillions in debt and climbing too right? We give so much money to other countries to support their economies and their issues, it is bound to happen. Google how much the USA gives to European countries and other countries...we support the global economy more than anyone else. Stop your crying.
Why do they exclude food and energy from inflation calculations? Wouldn’t considering these numbers help direct the path they need to take if it’s all about decreasing pain in the economy? People are putting things on credit because prices are so high and people can’t pay the bill because the interest is so high. Just hike to the point that people break to force adjustment in prices and then maybe people will be able to afford to pay cash for necessities. This just makes no sense and this would be the question I would be asking if I was in there. 🧐
Fed doesn't control interest rates beyond short end, it just influences them. No wonder yields have been inverted for so long.
should be interesting to see if they can drop the short term t-bill rates....the 10 year has dropped but those short term t-bills are still at 5.20%
P/E ratio is very high
Many junk bonds are still floating 🎉
This is not free market principles
Rigged by the fiscal and monetary policy sadly 😢
What monetary policy?
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson
He is doing the victory dance, but we will see.
yeah I have a feeling a lot is not being said here, inflation is not going away as easily as these bankers wish it would. They want him to lower rates so bad because their loans have drastically taken a hit...I have a feeling it will not be so easy in '24, but Powell is not going to say more than what he knows...and then he talks about what he HOPES happens next year.
Victory lap because seasonality in fuel is soft right now. Just wait until March and prices start to flip back and inflation is running hot again.
I have learned to appreciate his fed speech.
we here one thing, "the market" hears something else.
Listening to him reminds me of a teacher reading out of a book
I mean he likes telling stories
@ackfromthestorm he like that weird actor from the movie DONT LOOK UP
Powell is a damn liar. The Fed is No more federal than federal express. And it has no reserves. We need to get rid of the Fed.
I can do the chairman This is very easy job
How so?
@@fibonacimike4110 just print more money when you need more money. Create a 50% inflation since 2021 but can lie and get away with it.
Powell better hold the rates high and run off that balance sheet to restore the purchasing power that was "borrowed" during 2021 thru 2022, really the last decade.
Go after companies that are price gouging instead of cruel effort to raise unemployment!!!
Go after companies? Are you a Communist? To start a business, there is a great deal you have to learn.
The government is price gauging us with high taxes and inflation.
Yes make credit cheap for zombie companies
Name one and prove it, don't speak in generalities.
Thank you for not killing our country . Wow I hope all the money the government is sending to those other countries can send back some money cuz we will needed when people start loosing there homes and living in the streets
i applaud powell. he has done his job well. the job, nonetheless, must go. time for crypto.
It’s a scam
Going to make inflation worse.
No, it's not.
But what gets me is this: People are not comprehending what these people are saying about our economy, and how it works. Most of us are hearing it but not peaceful together what it really means.
These people are trying to create a set level of unemployment. When it gets too low, the Fed will raise interest rates to slow growth.
Is that really the only way to control inflation, by intentionally hurting a segment of the population? How about price controls? A lot of the inflation was driven by profit. Do we really have to create a permanent underclass?
Well, no. But it depends on your vision of the economy. Let me clarify. If you think obese people are obese due to genetics and not because they have a surplus of daily energy, then you'll blame genetics. It's the same with inflation. If you think there is another cause of inflation rather than demand-supply for a given currency (in which the rate of circulation, monetary mass and overall demand act together), then you'll propose something as flawed as price controls and would imply, as you did, that prices are driven by profit (which they are, but, in all the world there is greed, but not all the world have the same rate of inflation). If you don't believe me just read the history of Argentina (I did not say Venezuela, Cuba, china, socialist Germany or others because I think I'll be depicted as a "negationist neo-n*z* neoliberal or something like that") @@alricthered226
I think you are right.
yeah I have a feeling a lot is not being said here, inflation is not going away as easily as these bankers wish it would. They want him to lower rates so bad because their loans have drastically taken a hit...I have a feeling it will not be so easy in '24, but Powell is not going to say more than what he knows...and then he talks about what he HOPES happens next year.
@@alricthered226 Price controls? What a joke. They don't work
Anything less than deflation to 2019 is a Fed failure 😮
So high yield savings will pay less interest in 2024? And home prices will increase?
cutting rates while the stock market is at all time highs....what can go wrong?
Nothing in theory, but a lot according to historical statistics.
Cutting rates doesn't mean the stock market will keep going high. Cutting rates is wrong, just like in Japan.
@@rockandrollismylife indeed, the liquidity could boost real estate prices which is already in short supply causing a super-bubble as mortgage rates decline. If that bubble bursts, yes just like Japan
Inflate or die is the motto... if oil price wasn't at 60, the us would be in big trouble
Ne’er a question or answer regarding the global economy as effected by the almighty dollar’s global reserve status.
No problem，the stock market can be doubled from now becasue of rate cut and soft landing the bulls is just start dont hesitate buy it now！！
Yeah but the fed sold a trillion in securities and he said will continue to do so. Why fight the fed the have and print all the money that flows into securities and they're still selling!
Either congress must roll back spending or raise taxes and quit stealing from taxpayers. Govt now funds >48% GDP same as CCP with no relief in sight.
crank up the volume on future FOMC live streams would you?
What is this and why is this important to comodity gold and silver.... I am new to this not trading i am trading from a year or two
You should walk in shame...........................................................................Powell
Why?
He caves to wall st bloodsuckers.@@fibonacimike4110
because its the federal reserve that is not federal - controlled by the Rothchilds and Rockefellers@@fibonacimike4110
Spouting out the cabal directive--basically complacity of the unformed - soon to be severely dissapointed. @@fibonacimike4110
When Americans bank balance is back to .37 cents again, they will cut rates again! Lol
US Personal Saving Rate is at 3.80%, compared to 3.70% last month and 3.00% last year. This is lower than the long term average of 8.78%
Name of that man and how can i conform how to trade in forex
Jerome Powell just sold out the middle class for the mega rich. Shame on you! House prices were Finally coming down and you just ruined it by dropping rates!
depression incoming!
This is the same guy that was printing MILLIONS everyday! Thanks for the bad economy brother Jerome! Greetings from Australia 🇦🇺
Your blaming the homie Jerome, for the commodity shock experienced because of Russias invasion of Ukraine? Imagine, blame this guy for not being able to predict a country invading another in the 21st century, then the accompanied sanctions to oil. At this point, J has inflation cooled while maintaining a tight labour market. Someone needs to send this guy a cookie.
@@nicklaird6544 Jerome Powell printed MILLIONS everyday when Covid hit mate! Nothing to do with the war! This guy takes the lead when it comes to your economy! He should resign immediately like Elizabeth Warren told him to do! Greetings from Australia 🇦🇺
@@nicklaird6544 Inflation started a year before the war. FED and ECB reacted far too late to the inflation because they thought it would be transitory.
Best way to build wealth is to learn how to invest. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great investing book for teens.
Dude should have been a MORTICIAN
2 % Since WHEN ????
Exactly!
Y to Y, can be from now.
never - they lie about ALL numbers
Pricr of everything is up 50% since 2021. Powell is a liar and clown
Record high on the dow. Fed's punch bowl full of bear blood. join the pivot party, everybody is invited.
Drop rate now, PK, who the hell give you the power, DLLM Fed
The only way low inflation will work is if wage increases exceed inflation for a meaningful period of time.
5:45
01:06
41:29
this is bullish I'm buying now
Hey JPoo Lets do average inflation targeting that u were promoting in 19. Lets have 7% deflation in 24 to average out 9% inflation of last year. 😂
FED dollar is trash. They devalue your hardwork.
Recession in coming
It's already here - they are just manipulating the numbers as usual
i think you need to look at inflation depends on what sector. like mostly the reason inflation is lower because of lower oil prices and gas prices. with that the whole supply chain gets deflated. so to me. the rates should be based on inflation rate apart from the oil rather than including that
My sincere advice to new investors is to focus on buying and holding high-quality stocks. Avoid getting swayed by market forecasts and opinions, as they often provide entertainment rather than valuable guidance.
Return to fractional reserve banking quit the nonsense
"maybe people just bought so much stuff that they temporarily don't want any more stuff they haven't got any place to put it"
OF COURSE THAT MUST BE WHY AREN'T BUYING STUFF NOT BECAUSE THEY ARE BROKE BUT BECAUSE THEY BOUGHT TOO MUCH STUFF AND RAN OUT OF SPACE!!!!
IDK what metrics this guy is looking at when considering home affordability and inflation. Rates are up 2.5x and home prices are still increasing. That inflation in living costs is crazy and wages are not even close to compensating. First time home buyers are getting completely boned. The only way higher interest rates make sense is if they can actually bring DOWN home prices to levels in line with wage growth over the last 3 years.
I'm paying more for groceries than ever in my half century life. Maybe you feds judge inflation based on the cost of your yachts and vacation homes but the rest of us are suffering.
You have one objective in this life: survival. That’s it. Everything else is irrelevant, useless garbage. In order to survive, you adapt. Get out there fish, hunt, trap and forage. Enough of this “going to the grocery store” nonsense. You can live on squirrel, chestnuts, fiddleheads and blackberries.
Let's cut to the chase. He'll time the cuts perfectly to the 2024 election to help Biden.
That's Bidet to you.
He republican
Well the fed is supposed to be nonpartisan but it really makes you wonder
Answers questions with "The question is..."
Very dovish. Great news for stocks and real estate
Yeah u re rite but US index dollar is loosing the power
Gold 😂😂😂😂😂
Real estate wants reduced rates, keeping it the same isn’t bullish for real estate 😂
@@Shinobi6677 maybe you arent used to Fedspeak, but JPow confirmed rate cuts and signalled they would be coming sooner than most people think. His exact words were something thing "cutting WELL BEFORE inflation reaches 2%".. and inflation just printed 3.1%, so... rate cuts possibly at next meeting
美國是無法控制通膨的
Money printer go BRRR
Please get up BPS in next Fed meeting
Something is very wrong and why would anyone think that the economy is fixed when goods prices are at the highest and the debt is 3.6 trillion dollars.
Chairman Powell is a governance genius, bringing inflation down dramatically without causing USA to enter into a recession, great job 🫡🫡🫡
Famous last words. Calling this a little bit early
What planet are you on - the Fed Reserve is not only NOT Federal but also as corrupt as they come - think Rothchilds and Rockefellers
He's the clown that caused this inflation by flooding the market
@@nomooon I think Chairman Powell is one of those under-appreciated people who works so hard behind the scene, analyses tons of data, derives at correct decisions and yet takes the blame for everything 😢
@@danielkhong1980 he is one of those clowns who claimed the inflation is transitory. Then comes out later to say oops they made a mistake.... They are playing with our livelihood and all they can do is say sorry they messed up....
Type O negative. Thanks Bears, The bulls.
I bet inflation goes back up, then interest rates will rise more.
nahhhhhhh
All that is going on here, is they are doing whatever it takes to get joey and cameltoe reelected. buying votes with lower gas.
Buy crypto
He will never cut interest in 2024 ,that's a trap to call investments
A central bank that can print money is the economic engine in the USA
This is all CAP 🧢
He sure takes a long time to tell us that we will continue to be screwed 🤷🏽♂️
Seems like Powell may have had a chat with "The Big Guy". Do you really think they are going to let this bubble pop before the election?
Broad range of survey's - Let's find that broad!
So what? Inflation 2% in about 30 years or so?
He said 2026 most likely
Good luck with that. I'm guessing he doesen't know the future. Only of the opinion's of the people telling him what to say.@@Shinobi6677
More like never
Create the problem, make a fortune, throw in the promise of it is gonna get better, rinse and repeat, all a trick in a trap - pure BS! 👀🖕
RIP to liquidated trading accounts 😂 That's why just observe the chart during these news.
It was such easy money. Everyone had been betting on the market dropping, plus seasonality, Santa doesn't like grinches... Not until Jan at least when he's back at the north pole. But I do think a lot was short coveting and pushed buying. This seems a lot like the 70s-80s in my studies. It came down, then went up for a while..
@@brendansmith7842 personally i don't trade December because I'm already in holiday mood. But i do watch the charts sometimes. I trade again mid-January.
each participant judges to the most likely scenario going forward while participants do not view
6:34
it as likely to be appropriate to raise interest rates further neither do they want to take the possibility off the
6:40
table if the economy evolves as projected the median participant projects that the appropriate level of
6:46
the federal funds rate will be 4.6% at the end of 2024 3.6% at the end of 2025
6:54
and 2.9% at the end of 2026 still above the median longer term
This is where all the hype reported by the media comes from about the so-called rate cuts. This looks to me more like wishful thinking at best or FOMO market manipulation at worst. Buy at your own risk.