Let's Appreciate

Jerome Powell testified in front of Congress this week and the main takeaway was “we are absolutely going to keep ripping rates if we need to - and it looks like we need to.” On the second day of his testimony, he walked back a bit stating -  "If — *and I stress that no decision has been made on this* — if the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."  Elizabeth Warren posed a question that pretty much everyone has been asking for the past few months - “what about the labor market?”  “What do you say to the 2 million people who you plan to put out of work with your rate hikes?” Jerome Powell then explained that well, if we don’t fix inflation now, it’s going to be a lot higher than 2 million down the road. The idea is that by not nipping inflation in the bud, the consequences to the labor market will be extreme.  So the Fed is balancing both the labor market and price stability, trying to make sure that they can get inflation down with their rate hike cannon but also trying to make sure that the projectiles that they are firing into the economy don’t hurt anyone that bad.   Full article: https://kyla.substack.com/p/labor-market-vs-inflation  Open a Treasury Account at Public.com and get a 5.3%* yield on your cash at public.com/kyla   * 26-week T-bill rate (as of 2/14/2023) when held to maturity. Rate shown is gross of fees.  ** The average of the best high-yield savings accounts, compiled by Bankrate.com as of 1/31/23, is 4.0% APY.   Disclosures: This is a paid endorsement for Open to the Public Investing, Inc., member FINRA & SIPC. This does not constitute investment advice. Investing involves the risk of loss, including loss of principal. Full disclosures can be found at public.com/disclosures. All U.S. treasury investments and investment advisory services offered on Public are provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.   Investments in T-bills: Not FDIC Insured - No Bank Guarantee - May Lose Value
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full article: https://kyla.substack.com/p/why-the-data-makes-no-sense

full transcript at kyla.substack.com 

full article: https://kyla.substack.com/p/no-landing-and-the-anti-gravity-economy

full article: https://kyla.substack.com/p/margin-and-opportunity 

https://kyla.substack.com/p/tiktoks-corecore-and-the-federal

Full article: https://kyla.substack.com/p/reversion-to-reality-how-big-tech

Full article at kyla.substack.com

All rights to the Gaston song belong to UMG.  All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me.  DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax).  The owner of this content is not an investment advisor.  Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes.  Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability.  The information in this video is provided as of the date of its initial release.  The owner of this video expressly disclaims all representations or warranties of accuracy.  The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

full article: https://kyla.substack.com/p/the-fed-is-hiking-up-that-mountain