Fed's Kashkari says 'now is the time to start slowly moving' rates up (cnbc.com)

> Corporate earnings are through the roof. They’re doing great. The consumer is hanging in there. The labor market is hanging in there.

Are we though?

Thank god corporate profits are ok...

Rates up, rates down, I'm so confused. Too much liquidity supposedly means inflation, too little liquidity means deflation. Would not lower rates mean more consumer spending, thereby injecting more spending and fluidity in the system?

I can't help but shake the feeling that the federal reserve is here for the wealthy, the bankers, and not for the rest of us, and anything they do is ultimately not for our benefit, but for theirs.

Yen carry trade unwind, inflation in Japan, hit to the NASDAQ, AI bubble pops, Japanese investors pull money back home and Treasuries lose its largest foreign creditor. Who knows what happens next.

I feel the mortgage rates are a bit too high now. Anyone else?

It was a bit of a surprise they didn't already do it. Most people expect rates to go up at the next FOMC. Inflation is moving up, mostly due to the Iran War related oil crisis.