Asian stocks lower after Fed confirms rate hike plans

Believe it when I see it. They can maybe get to 2.5% (which is still ridiculously low in the face of 8% inflation) before both the markets and the economy in the US implode...... Then back to cutting.

This just in. The U.S. economy contracted an annualized 1.5% QoQ in the first three months of 2022, slightly worse than initial estimates of a 1.4% decline and 1.3% decline consensus.

Also, U.S. corporate profits fell 4.3 percent to $2.42 trillion in the first quarter of 2022, from a forcast increase of 0.5% record, and $2.53 trillion reached in the previous period. Net cash flow with inventory valuation adjustment, the internal funds available to corporations for investment, fell 1.6 percent to $3.18 trillion, while net dividends rose 0.5 percent to $1.47 trillion.

Next major releases within the next four days will be U.S. personal income and spending, and Japanese consumer confidence, unemployment, and retail sales.

I’m not ‘uneasy’ as saving accounts to which I have access are edging up to 3%.

The days when prudent savers are rewarded are returning.