In the coming year, you will begin to notice how the mainstream media is changing its mind regarding the U.S. economy and the trajectory of the stock market.
Talk about a complete change of tune: in October the Fed said we’re a “long way from normal” in terms of rates, suggesting that they were preparing to raise interest rates. But then, after the stock market dropped 20%, there was talk of zero rate hikes or even rate cuts this year. So who’s really in control here: the Fed, or the stock market?
In their latest statement, right before FED chairman Jerome Powell is set to talk before congress, the bank is now looking to adjust the way it measures inflation.
It’s mind-blowing to consider how much control the U.S. Federal Reserve has over the nation’s economy and markets. It makes you wonder if the Fed really knows what they’re doing, or if they’re really serving the best interest of the people…
The FED is utterly confused right now. Less than 4 months ago, Chairman Powell told the world that America’s economy could withstand much higher interest rates, but the markets had other ideas.