84 sats \ 8 replies \ @Undisciplined 12 Apr \ on: US inflation shocks ECB econ
I got confirmation yesterday that the Fed has effectively raised their inflation target from the historical 2% to 3%. It's not an official policy change, but they have no plans to take action to get below 3%, so that's the new de facto target.
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50 sats \ 7 replies \ @TomK OP 12 Apr
Madre mia! Thank You for this info. Do You know when the propaganda and dilusion could start to gaslight the public?
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21 sats \ 6 replies \ @Undisciplined 12 Apr
It's already begun. Do a search for Fed 3% inflation target and you'll find several articles from multiple outlets.
It looks like they started the trial balloons on this during the fall, but we were so far from even 3% that people didn't pay it much attention.
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50 sats \ 5 replies \ @TomK OP 12 Apr
I wrote a piece on this some weeks ago but the european propaganda department ignored the issue as usual grosso modo...
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21 sats \ 4 replies \ @Undisciplined 12 Apr
I speculated that this was going to be the next move a couple of weeks ago (turns out it had already happened).
We've had several instances in recent years where the regime just changed definitions, rather than dealing with substantive problems and this seemed consistent with that approach.
I also think from a marketing standpoint most people aren't going to appreciate how monumental of a change 3% is compared to 2%. They both sound small, so who cares?
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50 sats \ 0 replies \ @TomK OP 12 Apr
Larry Fink has just been in the media and has pointed out that he does not expect the inflation rate to come down to 2% any time soon.
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5 sats \ 2 replies \ @TomK OP 12 Apr freebie
Like always: nobody
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26 sats \ 1 reply \ @wingalt 13 Apr
I'd be surprised in anybody in the EU knows what is the ECB, let alone how it works and control their life
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5 sats \ 0 replies \ @TomK OP 13 Apr
Less than 0.5%
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