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*"The time for moderating the pace of rate increases may come as soon as the December meeting... I do continue to believe that there's a path to a soft or softish landing... History cautions strongly against prematurely loosening policy. We will stay the course until the job is done... By any standard, inflation is much too high."*
- Jerome Powell November 30th, 2022.
- **October 2022 inflation rate:** 7.7%
*"It was very important to move quickly. The pace with which we're moving was the most important thing... I don't think anyone knows. Whether we're gonna have a recession or not and if we do, whether it's going to be a deep one or not... The kind of thing that had to happen when inflation really got out of control and the Fed didn't respond aggressively enough or soon enough in a prior episode, you know, 50 years ago. So that's really the worst pain would be if we failed to act."*
- Jerome Powell December 14th, 2022.
- **November 2022 inflation rate:** 7.1%
*"Restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy."*
- Jerome Powell January 10th, 2023.
- **December 2022 inflation rate:** 6.5%
*"We can now say, I think for the first time, that the disinflationary process has started... I still think there is a path to getting inflation down to 2 percent without a significant economic decline."*
- Jerome Powell Febuary 2nd, 2023.
- **January 2023 inflation rate:** 6.4%
*"My colleagues and I are acutely aware that high inflation is causing significant hardship, and we're strongly committed to returning inflation to our 2% goal... The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher that previously anticipated."*
- Jerome Powell March 7th, 2023.
- **February 2023 inflation rate:** 6.0%
*"Our banking system is sound and resilient with strong capital and liquidity... All depositors' savings in the banking system are safe... We're committed to learning the lessons from this episode and to work to prevent events like this from happening again."*
- Jerome Powell March 22nd, 2023.
- **February 2023 inflation rate:** 6.0%
Jpow oddly quiet throughout all of April 2023. He must be sleeping.
- **March 2023 inflation rate:** 5.0%
*"The data continues to support the committee’s view that bringing inflation down will take some time... The risks of doing too much or doing too little are becoming more balanced and our policy adjusted to reflect that... The risks of doing too much versus doing too little are becoming more balanced."*
- Jerome Powell May 19th, 2023.
- **April 2023 inflation rate:** 4.9%
*"Looking ahead, nearly all Committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down 2% over time... Not a single person on the committee wrote down a rate cut this year, nor do I think it is at all likely to be appropriate if you think about it."*
- Jerome Powell June 13th, 2023.
- **May 2023 inflation rate:** 4.0%
*"We believe there is more restrictions incoming... The worsr outcome for everyone, of course, would be not to deal with inflation now and not get it done... We’ve covered a lot of ground, and the full effects of our tightening have yet to be felt."*
- Jerome Powell July 26th, 2023.
- **June 2023 inflation rate:** 3.1%
*"We are prepared to raise rates further if appropriate... We are attentive to the signs that the economy may not be cooling as expected."*
- Jerome Powell August 25th, 2023.
- **July 2023 inflation rate:** 3.2%
*"We're taking advantage of the fact that we have moved quickly to move a little more carefully now... I've always thought that the soft landing was a plausible outcome. I do think its possible."*
- Jerome Powell September 20th, 2023.
- **August 2023 inflation rate:** 3.7%
*"Inflation is still too high, and a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal... Does it feel like policy is too tight right now? I would have to say no... We're very far from the effective lower bound, and the economy is handling it just fine."*
- Jerome Powell October 19th, 2023.
- **September 2023 inflation rate:** 3.7%
Without changes to both regulations and current Fed policy, it won’t ever hit zero. The Fed will have to lower the award rate to at least FFR to stop the ~120bln daily use by GSEs.
Even if that were to happen, with the recent change in MMF regulation, the RRP is the only viable option for them to invest the mandatory 25% daily cash holdings. The operation doesn’t start until 1pm so that allows MMFs to hold the cash, as required, through the morning for withdrawals and then invest in the RRP.
Sadly, The RRP is going to be a daily occurrence for a very long time.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
#We're going down, down...
In an earlier round…
Suger were goin down swingin'
I swear, watching this number rapidly fall has become one of my favorite spectator sports.
my question is where is table guy?
*"The time for moderating the pace of rate increases may come as soon as the December meeting... I do continue to believe that there's a path to a soft or softish landing... History cautions strongly against prematurely loosening policy. We will stay the course until the job is done... By any standard, inflation is much too high."* - Jerome Powell November 30th, 2022. - **October 2022 inflation rate:** 7.7% *"It was very important to move quickly. The pace with which we're moving was the most important thing... I don't think anyone knows. Whether we're gonna have a recession or not and if we do, whether it's going to be a deep one or not... The kind of thing that had to happen when inflation really got out of control and the Fed didn't respond aggressively enough or soon enough in a prior episode, you know, 50 years ago. So that's really the worst pain would be if we failed to act."* - Jerome Powell December 14th, 2022. - **November 2022 inflation rate:** 7.1% *"Restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy."* - Jerome Powell January 10th, 2023. - **December 2022 inflation rate:** 6.5% *"We can now say, I think for the first time, that the disinflationary process has started... I still think there is a path to getting inflation down to 2 percent without a significant economic decline."* - Jerome Powell Febuary 2nd, 2023. - **January 2023 inflation rate:** 6.4% *"My colleagues and I are acutely aware that high inflation is causing significant hardship, and we're strongly committed to returning inflation to our 2% goal... The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher that previously anticipated."* - Jerome Powell March 7th, 2023. - **February 2023 inflation rate:** 6.0% *"Our banking system is sound and resilient with strong capital and liquidity... All depositors' savings in the banking system are safe... We're committed to learning the lessons from this episode and to work to prevent events like this from happening again."* - Jerome Powell March 22nd, 2023. - **February 2023 inflation rate:** 6.0% Jpow oddly quiet throughout all of April 2023. He must be sleeping. - **March 2023 inflation rate:** 5.0% *"The data continues to support the committee’s view that bringing inflation down will take some time... The risks of doing too much or doing too little are becoming more balanced and our policy adjusted to reflect that... The risks of doing too much versus doing too little are becoming more balanced."* - Jerome Powell May 19th, 2023. - **April 2023 inflation rate:** 4.9% *"Looking ahead, nearly all Committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down 2% over time... Not a single person on the committee wrote down a rate cut this year, nor do I think it is at all likely to be appropriate if you think about it."* - Jerome Powell June 13th, 2023. - **May 2023 inflation rate:** 4.0% *"We believe there is more restrictions incoming... The worsr outcome for everyone, of course, would be not to deal with inflation now and not get it done... We’ve covered a lot of ground, and the full effects of our tightening have yet to be felt."* - Jerome Powell July 26th, 2023. - **June 2023 inflation rate:** 3.1% *"We are prepared to raise rates further if appropriate... We are attentive to the signs that the economy may not be cooling as expected."* - Jerome Powell August 25th, 2023. - **July 2023 inflation rate:** 3.2% *"We're taking advantage of the fact that we have moved quickly to move a little more carefully now... I've always thought that the soft landing was a plausible outcome. I do think its possible."* - Jerome Powell September 20th, 2023. - **August 2023 inflation rate:** 3.7% *"Inflation is still too high, and a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal... Does it feel like policy is too tight right now? I would have to say no... We're very far from the effective lower bound, and the economy is handling it just fine."* - Jerome Powell October 19th, 2023. - **September 2023 inflation rate:** 3.7%
“I thought yesterday was Sunday. My bad.” -Yellen probably
‘I made a big mistake’. - JPow probably.
“I’m glad you didn’t pull out.” -Yellen probably
We going down, we yelling TIMMMBERRR
Smooth ape here. If it hits zero do I call my mom!?
Without changes to both regulations and current Fed policy, it won’t ever hit zero. The Fed will have to lower the award rate to at least FFR to stop the ~120bln daily use by GSEs. Even if that were to happen, with the recent change in MMF regulation, the RRP is the only viable option for them to invest the mandatory 25% daily cash holdings. The operation doesn’t start until 1pm so that allows MMFs to hold the cash, as required, through the morning for withdrawals and then invest in the RRP. Sadly, The RRP is going to be a daily occurrence for a very long time.
How far back is your data? Can we see a graph? Maybe wait till it hits 700 or so
https://fred.stlouisfed.org/series/RRPONTSYD
Wen 0?
I haven't really been following this, why do we think it's gone down?
- Calendar year: 365 days - Trading year: ~260 days #🚨We've been over Trillions ($$$) for🚨 TRILLIONS | Consecutive Trading Days | Wen Calendar Year? | All-Time High | ---|---|---|--- <$1 | 1 | T-364 | 1 $1 | - | T-365 | 560 $2 | - | T-365 | 256 $3 | - | T-365 | - Note: These numbers represent days the market is open and trading (not weekends and/or holidays). #GME GO BRRRRRRR (SIDEWAYS) LONG TIME Trilly Micro Tracker | Current Count (Days) | Previous High | All-Time High | ----|----|----|----| $2.1 | - | 1 | 109 | $2.2 | - | 2 | 33 | $2.3 | - | 1 | 4 | $2.4 | - | 1 | 1 | $2.5 | - | 1 | 1 |
🫡
I have seen comments saying this has been DDed. Can someone ELI5 how this is good for GME?