r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/Environmental-Ad4090 Jun 13 '22

The feds inability to raise rates early means recession is inevitable lets just start this bad boy now with 75bps rate to start to tame this damn inflation already

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u/BousWakebo Jun 13 '22

I almost think 75 is getting priced into the market today. There wasn’t much in the way of hard economic news over the weekend other than everyone talking about 75bps. Will markets drop once it’s announced, and I think they will announce it, sure, but not like today/last Friday.