Will the Fed be able to destroy employment/inflation with rate hikes?

The Fed rate hikes have already affected the trucking industry. Freight rates plummeted earlier this year and still remain low for the foreseeable future.

In fact, a few weeks ago, one of the upper guys for the parent company of the trucking firm I drive for came on the bi-weekly group conference call for the dedicated team I work on and gave a sales pitch for the company’s financial strength, saying that the company is well-positioned to weather a slowdow and not anywhere at risk of suddenly going belly-up and leaving drivers in the lurch. So, my guess is that the rate hikes are having an effect, but there’s not much the Fed can do to drive down energy costs, which have a huge ripple effect through the supply-side of the economy.

Also, there is usually a bit of a delay between when the housing market cools and the durable goods sector related to housing activity slows given when those items are installed into completed homes or purchased to furnish newly acquired homes. And higher mortgage payments given higher rates not only affect housing prices, but also how quickly new-to-them homebuyers decide to upgrade their appliances/homes.

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Originally Posted by MumblesBadly

The Fed rate hikes have already affected the trucking industry. Freight rates plummeted earlier this year and still remain low for the foreseeable future.

In fact, a few weeks ago, one of the upper guys for the parent company of the trucking firm I drive for came on the bi-weekly group conference call for the dedicated team I work on and gave a sales pitch for the company’s financial strength, saying that the company is well-positioned to weather a slowdow and not anywhere at risk of suddenly going belly-up and leaving drivers in the lurch. So, my guess is that the rate hikes are having an effect, but there’s not much the Fed can do to drive down energy costs, which have a huge ripple effect through the supply-side of the economy.

Also, there is usually a bit of a delay between when the housing market cools and the durable goods sector related to housing activity slows given when those items are installed into completed homes or purchased to furnish newly acquired homes. And higher mortgage payments given higher rates not only affect housing prices, but also how quickly new-to-them homebuyers decide to upgrade their appliances/homes.

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whats the hot goss in transpo about the major barge shippers on the mississippi claiming force majeur and cancelling contracts because the water is too low for their barges to work?

CPI data today coming in lower than expected...so...

"Dow futures surge more than 800 points after October inflation report is lighter than expected"

https://www.cnbc.com/2022/11/09/stoc...lose-news.html



Whatever actually happens, the inflation rate won't go back to 2% "in a few months", despite everyone in the world seemingly wanting/hoping it does. But this is the only tool that central banks have (higher rates) that works...just ask Paul Volcker.

Cause and Effect

Donald Trump why we have Gross Inflation currently. Trump Printed 10 Trillion Dollars in only 3 years that massive increased our money-supply, which in time like we now made all prices go up. That's inflation you are paying for them free $1200 checks, well two you all received (Americans) that TrumpTARD wanted all your follower Votes with Lined youre pockets with $1200 to try and buy your votes. Now you pay it back slowly but surely in higher costs everywhere, and youll pay now. SO hopefully you enjoyed them Free $1200 Trumptard Checks. Why we have Gross Inflation now and everyone is paying more across the board now. So were them $1200 Checks worth it, and also that increased our paper dollars, 10 Trillion in only a couple years. Now we pay for it with elevated Costs everywhere.

I Blame it on the MAGAts

they printed haha lol lol money fun for everyone and gave it all out. That was short lived, now everyone going to pay for it and for YEARs too possibly. Costs dont go down just because, like thia year. No no, thats now how real Inflation works so what happens is, over much time. You will then pay MORE, and feel that Inflation from them Rising Costs everywhere.

Trucker economic update: Freight is still looking crappy. I’ve been handling a lot of moderate-length or shorter loads lately, with a lot of down time inbetween most load. And I did a 200 mile load yesterday and sat the rest of the day after delivering. Last year, I was averaging 2800 miles per week, while recently, I’ll be lucky to break 2300. I’d hate to be an owner-operator with a truck payment right now.

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Originally Posted by garrett

Cause and Effect

Donald Trump why we have Gross Inflation currently. Trump Printed 10 Trillion Dollars in only 3 years that massive increased our money-supply, which in time like we now made all prices go up. That's inflation you are paying for them free $1200 checks, well two you all received (Americans) that TrumpTARD wanted all your follower Votes with Lined youre pockets with $1200 to try and buy your votes. Now you pay it back slowly but surely in higher costs everywhere, and youll pay now. SO hopefully you enjoyed them Free $1200 Trumptard Checks. Why we have Gross Inflation now and everyone is paying more across the board now. So were them $1200 Checks worth it, and also that increased our paper dollars, 10 Trillion in only a couple years. Now we pay for it with elevated Costs everywhere.

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Both parties are to blame. Democrats also voted for those stimulus checks.