Comment by marcosdumay
20 hours ago
It's interesting that this article doesn't have the rate...
(It moved from 3.5% - 3.75% to 3.75% - 4%, the US uses a range, not a fixed number.)
But this one is something that gets results almost immediately. We will see what it does in 2 or 3 months, not years.
The current official US inflation rate is 3.4%. So the real interest rate is under 1%.
What results? Overnight interbank loan rates, yes, immediately. The effect of those rates on the economy? It will take time to propagate. Heck, some important committees only meet like twice a year.
> What results?
Inflation numbers, companies firing, and the magnitude of fictional numbers on financial markets.
Lots and lots of things are slower to react, but those 3 are quite big and hard to ignore.
Layoffs are abnormally low right now, well below the rate a decade before 2020.
Here is data: https://fred.stlouisfed.org/series/JTSLDR
Inflation is a bit higher, but not shockingly so, here is the data:
https://fred.stlouisfed.org/series/CPIAUCSL#
In terms of "fictional numbers on wall street", I don't see any real data there, but if you have access to something then please share.