{"id":1795680,"date":"2023-01-05T08:23:00","date_gmt":"2023-01-05T13:23:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1795680"},"modified":"2023-01-05T08:23:37","modified_gmt":"2023-01-05T13:23:37","slug":"fed-intends-to-double-down-on-inflation-raise-rates-yet-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-intends-to-double-down-on-inflation-raise-rates-yet-again\/","title":{"rendered":"Fed Sets Up a Double-Down on Inflation and Raise Rates Again"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-intends-to-double-down-on-inflation-raise-rates-yet-again%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1795680&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Circle Squared Alternative Investments founder Jeff Sica explains why he&#8217;s not &#8216;enthusiastic&#8221; about stocks in 2023, and what Tesla&#8217;s price will be.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Federal Reserve officials confirmed their commitment to combating inflation during their December meeting. They also indicated that interest rates could still remain high for them &#8220;some time&#8221; Until there&#8217;s clear evidence that consumer price drops,<\/p>\n<p>Minutes from the U.S. central banks&#8217; Dec. 13-14 meeting, released on Wednesday, showed that policymakers were worried that investors could misinterpret them as saying they had ended their campaign to control inflation. <a href=\"https:\/\/foxbusiness.com\/category\/the-fed\" target=\"_blank\" rel=\"noopener\">Fed officials<\/a> said that the smaller rate hike \u2013 50 basis points, compared to the previous four 75-basis-point increases \u2013 &#8220;was not an indication of any weakening&#8221; We warned about the risk of inflation.<\/p>\n<p>Although inflation is showing signs of slowing down, it still remains stubbornly high. The Consumer Price Index rose by 7.1% in November compared to the previous year. This is a decrease from 9.1% recorded in June, but it&#8217;s still three times higher than the pre-pandemic average. Minutes reveal that officials will not allow inflation to rise for too long, even if this means higher unemployment or slower economic expansion.<\/p>\n<p>&#8220;Participants generally observed that a restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2 percent, which was likely to take some time,&#8221; The minutes were spoken. &#8220;In view of the persistent and unacceptably high level of inflation, several participants commented that historical experience cautioned against prematurely loosening monetary policy.&#8221;<\/p>\n<p><a href=\"https:\/\/foxbusiness.com\/economy\/us-economy-faces-turbulent-2023-recession-fears-grow\" target=\"_blank\" rel=\"noopener\"><strong><u>US ECONOMY FACES TURBULENT 2023 AS RECESSION FEARS GROW<\/u><\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/10\/931\/523\/powell-10.24.22.jpg?ve=1&#038;tl=1\" alt=\"Federal Reserve Chairman Jerome Powell\"   style=\"display:none\"><\/div>\n<div class=\"caption\">\n<p><span>Jerome Powell, Federal Reserve Chair<\/span><span> (Olivier Doliery\/AFP via Getty Images\/File \/ Getty Images<\/span><\/p>\n<\/div>\n<\/div>\n<p>The half-point increase, the seventh straight hike in 2022, pushed the federal funds rate to a range of 4.25% to 4.5% \u2014 the highest since 2007.<\/p>\n<p>&#8220;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023,&#8221; Mike Loewengart (head of Morgan Stanley Global Investment Office model portfolio construction) said. &#8220;Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed.&#8221;<\/p>\n<p>He said, &#8220;Bottom line is that even though we flipped the calendar, the market headwinds from last year remain.&#8221;<\/p>\n<p>Fed officials also outlined an aggressive path for rate increases in 2023, in addition to the rate hike. According to the Federal Open Market Committee&#8217;s dots plot of individual member&#8217;s expectations, policymakers expected rates to rise to 5.1% by 2023 according to their economic projections. This is a much higher level than the 4.6% rate they last predicted in September.<\/p>\n<p>Officials indicated that the U.S. will see a slowing in economic growth next year, and that the unemployment rate would rise to 4.6%. Rate hikes are threatening to bring the country to the brink. <a href=\"https:\/\/www.foxbusiness.com\/category\/recession\" target=\"_blank\" rel=\"noopener\"><u>recession<\/u><\/a>. The Fed anticipates that the unemployment rate will remain high in 2024-2025, as higher rates continue to drive up borrowing costs.<\/p>\n<p>His press conference following the meeting was held last month. <a href=\"https:\/\/foxbusiness.com\/category\/jerome-powell\" target=\"_blank\" rel=\"noopener\">Fed Chairman Jerome Powell<\/a> Recognized the need for more work by the central bank to tackle inflation.<\/p>\n<p>&#8220;We still have some ways to go,&#8221; He told reporters. &#8220;We will stay the course until the job is done.&#8221;<\/p>\n<p><a href=\"https:\/\/foxbusiness.onelink.me\/Zkcx?pid=AppArticleLink&#038;af_dp=foxbusinesssaf%3A%2F%2F&#038;af_web_dp=https%3A%2F%2Fwww.foxbusiness.com%2Fapps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle Squared Alternative Investments founder Jeff Sica explains why he&#8217;s not &#8216;enthusiastic&#8221; about stocks in 2023, and what Tesla&#8217;s price will be. Federal Reserve officials confirmed their commitment to combating inflation during their December meeting. They also indicated that interest rates could still remain high for them &#8220;some time&#8221; Until there&#8217;s clear evidence that consumer &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1774615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5458,13368,7498,5708,5283,6009,3819,4666],"class_list":["post-1795680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bongino","tag-double-down","tag-fed","tag-inflation","tag-raise","tag-rates","tag-report","tag-sets"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1795680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1795680"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1795680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1774615"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1795680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1795680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1795680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}