Quote:
Originally Posted by Buehler445
So I’ve been busy as **** and not paying attention to anything. I was at a board meeting and they said they heard Powell was calling for interest rate hikes the next 3 quarters. Is that right? And how did it not wreck the stock market?
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I didn't hear his speech. The dot plot all the governor's had two hikes in 2023. Regionals a few were as high as 1.5% by 2023.
They're still buying 80 billion in treasuries a month so they'd likely wind down the QE before upping rates. Theyve not set any timeline for beginning to wind that down yet though.
They raised IOER .05%. I think that was the "big" news.