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Elroy Jetson

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Elroy Jetson

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Re: jbsliverer post# 103059

Wednesday, 09/21/2022 4:49:46 PM

Wednesday, September 21, 2022 4:49:46 PM

Post# of 110837
The Fed said 4.4% by the end of the year, not 4.25%, with 4.6% by the end of 2023.

They're estimating a big decline in inflation driven by these normal interest rates.


Compare this with the 1.75% rate at the Bank of England which is currently expecting UK inflation in excess of 22% this year.

It takes $1.13 to buy a Pound, and that's overpriced when compared with a Euro at $0.98 - at least in my experience.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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