Wednesday the 15th of JUNE …The Boss doubles up again, page-44

Mmmmm, a complication …

I feel the unexpected strong May CPI increase highlights how completely wrong footed the Fed has been these past 4-5 months and essentially leaves them no choice but to increase efforts to curb inflation and to be seen to have increased efforts … akka a 0.75 rate rise and some Hawk Talk covering the next 3-4 months … their credibility is already an issue and they just can’t be seen to be vacillating any more.

So for my pin tonight I have decided they will announce a 0.75% increase.

But I have been mulling on and off today whether that 0.75% will freak the market and plunge the DOW or whether such decisive action might actually soothe the market and moonshot the DOW because the Fed has finally taken decisive action to thwart inflation?

A perverse conundrum, but is it possible?

Dex