Fed Finds Fed Did Nothing Wrong
https://www.zerohedge.com/markets/fed-f ... hing-wrong
Find something to do with your cash. Otherwise, you’re losing money every day to higher inflation.
Inflation-protected Series I savings bonds currently pay 9.6%. The bonds’ interest rate rises and falls every six months according to inflation. Keep in mind that your money is locked up for one year. You can buy these bonds only through the U.S. Treasury at TreasuryDirect.gov.
If you’re an active investor or trader, look for ways to lower your risk. You can do so through position sizing, tightening your stops and using quality options so you have less capital in the market but just as much upside.
“We are still resolute and completely united on achieving price stability, which doesn’t mean 9.1 per cent inflation - it means something closer to 2 per cent inflation, so a long way to go.”
The Fed next meets Sept 20-21.
Economists surveyed by Bloomberg before last week’s decision expect the Federal Open Market Committee to lift rates by a half percentage point in September, then shift to quarter-point hikes at the remaining two meetings of the year.
That would lift the upper range of the central bank’s policy target to 3.5 per cent by the end of 2022, the highest level since early 2008.
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