With echoes of the St. Valentine’s Day Massacre still ringing through history, it would appear that the insane MMT believing printing like a fiend Jay Powell is about to massacre both the bond and equity markets on Valentine’s Day.
From the Federal Reserve Board’s website:
Many thanks to Northman Trader for the heads up on this meeting this morning.
Interestingly enough, there has been zero mentions about this on CNBC or their webpage, Bloomberg, or much of the financial media.
The impact of such a move can not be measured as the Federal Reserve has lost all credibility with yesterday’s inflation report and the failure to act last year to reign in at least the QE portion of their monetary dollar murder scheme.
I will not call this a prediction, but in the end, this is going to backfire spectacularly and if the Fed does raise rates 50 basis points, I expect the stock market to sell off in dramatic fashion.