Did The Fed Just Flinch?

Last Thursday, with a busy news week loaded with lots of market mishaps…

A very underappreciated headline hit the airwaves (Check it out here).

It seems that Powell and Co have called a “last minute” meeting for the Fed board of governors.

The matters at stake: review of the discount rates to be charged by the Federal Reserve Banks.

The Fed ignored the surging inflation for over a year… 

They yawned as middle-class folks got crushed and told us it was “transitory”.

Then, months after it was obvious that inflation wasn’t going anywhere… they start to hike like an NFL quarterback staring down a blitz.

It’s kind of like a 350 pound person going on a fitness routine.

Sure, they need to drop some weight… but starvation diets and blitzkrieg workouts might cause a cardiac event.

They need a gradual weaning of their daily intake combined with a nice, leisurely stroll.

Now, they’re starting to realize the error of their ways with a bond market going haywire and signs of deflation popping up everywhere you look.

This last minute meeting might signal the central banksters are about to blink.

The Fed has very little real power… but they can control the flow of credit.

More importantly, they need to control the narrative (Link to “Talk, Talk, Talk… the Fed’s Plan To Fight Inflation)

If the Fed changes their tone, then we can expect bond markets to normalize. If those cool off and the MOVE index (link) starts to rollover, then you have much improved conditions for risk.

The last time the global economy took a tumble… big banks got a bailout…

And retail traders got a haircut on their 401K (and a pink slip if they were even more unlucky).

That’s why you don’t want to wait for a bailout from the Fed or from Uncle Joe Biden…

You want to engineer your own bailout.

Which you can do by following the best traders on Wall Street.

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