zerohedge.com / by Tyler Durden / Mar 17, 2017 7:25 PM
The Federal Reserve just raised rates once again, by 0.25%.
The move implies that the central bank has confidence in the economy, and markets are riding that confidence to push upward. But analysis of the fundamentals reveals that both markets and the Fed are missing something. How long can they keep egging each other on without facing facts?
What You’re Being Told
Based solely on official government data, the economic situation today looks pretty rosy.
Then there’s inflation… which the Bureau of Economic Analysis (a sub-branch of the U.S. Department of Commerce) has great things to say about. According to the agency, prices rose by 1.9% over the last 12 months (the period ends in January). That’s just one-hundredth of a percent below the Fed’s target rate of 2%.
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