John Norris
John Norris
change continue fed increase meets rubber statement
When the rubber meets the road, this statement doesn't change anything, ... The Fed will continue to increase rates. The only thing that we do know is that they will continue on a tightening mode.
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We'll have another tightening or two and then the Fed can pause. Twelve weeks from now, the Fed will hopefully see inflation is not terribly different from now and is not going to risk crushing the economy with more rate hikes.
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I think the Fed is going to 4.5 percent regardless and we will have an inverted yield curve by the first quarter of next year. So this is a bit of a strange statement.
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Historically, the Fed stops when the inversion of the overnight rate to the 10-year is about 30 to 40 basis points.
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If the numbers are good then the Fed may be on target for a 3.75 or 4 percent fed funds rate.
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The Fed can't do anything different than what it has been doing. It can't rest on its laurels.
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It was wonderful for us. They were hospitable and opened their home, which looks over the Great South Bay.
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Perhaps the monetization of the equity in our homes is over. If that's over, that takes away a key component of consumer expenditures over the last couple years.
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Prices are going to go up, period, end of discussion. Energy costs are going through the roof. We still don't know the extent of the impact on building aggregates.
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Bond fund managers don't believe long-term inflation is a significant worry.
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Everything is on track and going very well.
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Everyone's oil crystal ball is cloudy right now.
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We wanted to offer something new to the people who come to the park, who are mainly families from western New York.
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We are bogged down in red tape. We're not able to get things approved and get to (work in) the field.