Fed's estimate of current, forward inflation < 4.5%, roughly

Investment Analysis Clubs Macro Economic Trends and Risks
21

I placed the order for the 10/20/22 auction on 10/17/22 at Fidelity. Fidelity does not charge for executing Treasury auction orders. They charge $1 per $1,000 bond for secondary market orders.

Wendy

1 Like
22

yeah Jerry Ford’s WIN Buttons didn’t have much impact controlling inflation…lol

3 Likes
23

The Wall Street Journal is catching up…

A 2013 re­view by Tomas Havranek and Marek Rus­nak of the Czech cen­tral bank of dozens of ear­lier pa­pers con­cluded the max­i­mum im­pact on in­fla­tion takes two to four years in ad­vanced economies. In the U.K., a 1 per­cent­age-point in­crease in the pol­icy rate re­duces out-put by 0.6% and in­fla­tion by up to 1 per­cent­age point af­ter two to three years, ac­cord­ing to a 2016 pa­per by James Cloyne, then of the Bank of Eng-land, and Patrick Hürt­gen of Ger­many’s Bun­des-bank.

And a bit more, if I don’t run afoul of Copyright:

For cen­tral banks, start­ing to raise rates was hard; know­ing when to stop may be harder.