O/T - heads up – the “market” is pricing in another 1% of Fed Fund rate increases to around 5.5% from the current 4-4.25%
From the excellent aggregator financial news site Zero Hedge here (lots of charts!):
Bostic Batters Stock Bears But Bond Yields Soar After Record Inflation | ZeroHedge
We have this chart:
The series is volatile and has a very poor success rate of predicting actual Fed Funds rates, but still, it provides an indication of where the bets being placed by market participants whose balance sheets dwarf the balance sheets of central banks, by using all sorts of derivatives worth in excess of a quadrillion dollars of what is called “gross exposure” (that’s 1,000,000,000,000,000 or one followed by 15 zeros). The “net exposure” represent profit and loss distributed amongst thousands of banks globally.
How Big Is the Derivatives Market? (investopedia.com)
Here is a long term track of the Fed Funds rate from here:
Federal Funds Effective Rate (FEDFUNDS) | FRED | St. Louis Fed (stlouisfed.org)
Prior to the Great Financial Crisis that ended in March 2009, the Fed Funds rate tracked within 1 or 2% of core inflation. Core inflation excludes food and energy prices – which have the biggest impact on the bottom 60% of households.
From here:
United States Core Inflation Rate - February 2023 Data - 1957-2022 Historical (tradingeconomics.com)
US Core inflation came in a little hot at 5.6% year on year to January 2023.
Headline inflation of 6.4%for the same period is detailed here:
CPI Home : U.S. Bureau of Labor Statistics (bls.gov)
European inflation is a little lower, but surprised on the upside (details in the ZH article) at 4.0%.
Onwards!
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This seems like a set up. The inflation is WEF, covid, planned food destruction to cause inflation as to make cover to jack rates until the collapse. The last pillage is in full stride.