"The Fed has changed their story almost every time they talk."
thats because they were trying to appease everyone...trying not to make things look as bad as they were...calling everything transitory...not as bad as it looked...
they kept saying they were going to wait for the numbers to come out and dip thier toes into interest rate hikes...
but now they've seen the numbers...they know that a couple of moderate hikes aint cutting it...they know the transitory bs they had hoped for was in fact, nothing but hope and a pipe dream....
they have seen the reality of the economic situation and their statement to everyone is that "THERE WILL BE PAIN"...
originally, the Fed was trying to be nice and optimistic...now they are point blank telling you that they are going to pour alcohol on that open wound...
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