Coin Bureau, relaying another source: Fed policy rate will rise

Said on Nov 7, 2022, at 2:50 in the video.

What was said
Coin Bureau

@coinbureau

“Jerome went one step further by saying that the terminal rate the highest level that the FED will be raising interest rates to had risen significantly because of CPI data”
Watch at 2:50Crypto News: ETH Updates, Arweave, Fed Hikes, Twitter & More!!
PredictionFed policy ratewill rise
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%201920202021202220232024Said on Nov 7, 2022
−2%0%2%4%6%2019202120222024Said on Nov 7, 2022

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

when it announced the rate hike basically the statement contained an extra sentence that suggested the FED would soon start lowering interest rates by now you'll know that lowering interest rates means it will become easier for investors and institutions to borrow and this means that asset prices and economic output will increase unfortunately for the speculators FED chairman Jerome Powell made it clear during his subsequent press conference speech that the FED would not be lowering interest rates anytime soon Jerome went one step further by saying that the terminal rate the highest level that the FED will be raising interest rates to had risen significantly because of CPI data naturally the markets immediately collapsed in response including cryptocurrency however both the stock market and the crypto Market rallied later in the week now this is paradoxically because of the increase in unemployment from 3.5 percent to 3.7 investors were expecting it to stay steady at 3.5 percent I say paradoxically because higher unemployment means there is a higher likelihood that the FED will be forced to stop raising interest rates sooner than it is currently planning put differently if people start

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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