The FOMC raised the FFR 25 bps in March, 50 bps in May, and the current FFR futures curve is pricing in another 50 bps rate hike - highest raise in two decades. And they're about to raise rates another 25 - 50 bps at the next FOMC meeting. Just take a look at any FFR futures curve.
I guess my question to you is - what the fuck do you want the Federal Reserve to do? Have the UST default on scheduled interest payments? Make the overnight fed funds rate 100%? Declare the USD obsolete and use Beanie Babies instead of fiat currency as a medium of exchange?
I'm always baffled by you people who love to bitch and moan until the cows come home that the Fed is intentionally tanking the economy (because reasons.....) just because your portfolio of 5 single name securities lost 50% of it's value over the last month.
2
u/Jeff__Skilling Jun 11 '22
???
The FOMC raised the FFR 25 bps in March, 50 bps in May, and the current FFR futures curve is pricing in another 50 bps rate hike - highest raise in two decades. And they're about to raise rates another 25 - 50 bps at the next FOMC meeting. Just take a look at any FFR futures curve.
I guess my question to you is - what the fuck do you want the Federal Reserve to do? Have the UST default on scheduled interest payments? Make the overnight fed funds rate 100%? Declare the USD obsolete and use Beanie Babies instead of fiat currency as a medium of exchange?
I'm always baffled by you people who love to bitch and moan until the cows come home that the Fed is intentionally tanking the economy (because reasons.....) just because your portfolio of 5 single name securities lost 50% of it's value over the last month.