Fed Hikes Rates By The Most In 28 Years, Signals Volcker-Era Is Back

The Fed hiked rates by a stunning (but expected) 75bps – the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is “strongly committed” to fighting inflation.

The Fed sharply raised its rates outlook (to meet market expectations) and sharply lowered its growth and employment outlooks.

The last time the Fed hiked 75bps, we got the ‘Tequila Crisis’ and The IMF had to bail out Mexico.

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Since the last FOMC statement on May 4th, all hell has broken loose in global capital markets (and economies).

US equities have collapsed (Nasdaq -15%) and US Treasury yields have exploded higher. Gold is down around 3% since the last FOMC, mirroring the 3% or so gain the USDollar Index…(NOTE everything shifted after last Friday’s CPI)

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By Published On: June 16, 2022Categories: UncategorizedComments Off on Fed Hikes Rates By The Most In 28 Years, Signals Volcker-Era Is Back

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About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .

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