Jerome Powell Federal Reserve Actions This Week All About Showing That They Have Control Of The Markets – Mike Swanson
The FOMC decision yesterday and the press conference by Jerome Powell to explain them have the goal of demonstrating that they are in control of the financial markets and on top of the economic situation. The problem is that they have now reached the limits of how far they can go in raising interest rates without smashing the economy and yet must say that they are going to succeed in pushing inflation down. The solution is to raise rates by a tiny 25 rate hike and then talk tough about possible future action. The Federal Reserve officials really cannot predict what will happen. Remember in 2021 they claimed that inflation was “transitory” and then were proven wrong. There is no guarantee that their current projection predictions will prove to be right this time. So, they must convince the public that they are in control of the situation even though they really are not.
Everyone is hoping that one more rate hike from the Fed will be enough to destroy inflation forever, because if it isn’t then things will get ugly in the future.
But I don’t think such a future is coming this year and that may be the fundamental reason the stock market is rallying now if you are looking for one.
It’s an uncertain environment, but investors and traders are best to focus on the overall technical market trends when making decisions as it is impossible to know or predict every thing and it is not necessary to do so as an investor.
When you do that yesterday’s action confirmed the overall trend and showed us once again how powerful the trend is in the gold, silver, and mining stocks, as the US dollar went down to a new low for the year on yesterday’s close.
Subscribe to my free stock trading email list by clicking here.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).