Treasury bill rates have already gone up, then down a bit.

Fed rates are adjusted to impact inflation and cash liquidity.

They will raise rates on Treasuries. But we still face stagflation.

it also ended Jimmy Carter's presidency and screwed a lot of Americans hard

https://en.wikipedia.org/wiki/Paul_Volcker#Chairman_of_the_Federal_Reserve

30 year mortgages at 16% and more.

even when Paul The Heartless was in the Fed.

is that better?

Prices rising, but rates stagnate as the value of the dollar slips. Wages probably drop as layoffs spike. We should have raised the minimum wage when we had the chance.

If Schumer were a stronger leader, it would have passed.

interest rates is a really strange form of WINNING and GREATNESS to me.

The PCE number was expected to come in today at 3.2%, it came in at 3.5%.

Stagflation is here.

A recession is generally defined by at least 2 consecutive quarters of negative GDP growth. Well. 1st quarter is now officially negative, and given the current state of things with the tariffs and everything else, it seems highly unlikely that 2nd quarter will show positive GDP growth.

So congratulations to those who correctly predicted we'd be in a recession by the middle of the year. You were 100% correct. (and I was one of those people!) https://www.democraticunderground.com/100220066680

when we say "this quarter", we are talking Jan-Mar. This shrinkage happened entirely from Trump's daily bellicose and ignorant proclamations. The tariff stuff has not yet even entered the GDP equation yet.

And I completely agree with you about the dollar being in trouble. You mentioned that foreign holders can wreak havoc by not buying Treasuries. But there is an even more fundamental issue here. Since the election, the dollar has lost 10% of its value against all the major currencies. That means, everything we import costs a lot more, even BEFORE the tariffs. And it means that foreigners investing in US Treasuries have LOST money in the past 6 months if they value their wealth in Euros, Canadian dollars, Pounds or whatever.

THAT is a good reason for them reducing their stake in US Treasuries.

Trump is an idiot. But this time, he has surrounded himself with nothing but people who are every bit as stupid as he is. None of them have the slightest clue what they are doing economically.

Because people don't think when they vote anymore. And no, Fox and the Heritage Foundation, I don't want to feel pain for your stupid man baby god emperor king. Pull your heads out of his ass and see what the damage he is doing is.