Nevada Copper Corp NEVDQ

Quick take on FED-speak

[bogfit]

The negative possible consequence of raising rates that Powell mentioned,

“Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,”

may well seem moderate compared to the experience of other nations in the years ahead.  We need to remember that inflation is driven globally by food and energy costs, while a stronger USD might make oil and consumer goods cheaper for the American buyer

Confidence in foreign markets that attracted huge sums over the last 20 years has lost its luster.  The difficulty in China with authorities, and the outbreak of war in Europe makes the good ol’ USA lookin’ good as a safe haven for capital.

Higher rate = strong USD = lower manufacturing costs (imported materials) = higher earnings.  Plus, the money appropriated last year will soon be hitting the streets in infrastructure building.  While some speed bumps may be ahead, neither a hard landing or market collapse is on the horizon, IMO.
 
BTW – We are already having “some pain to households and businesses,”.  And we all know it was precipitated by a global pandemic, and worsen by a war in Europe.  There is no “isolationism” in a global economy. 

b.