2021/12/18

The U.S. central bank will cut bond purchases on the markets by 30 billion a month in December compared with 120 two months ago. And from January the decrease will rise to 60 billion a month. So in March will end the plan of return from monetary stimulus that had been decided in spring 2020. And from there on there will be room to increase the cost of money. Inflation is no longer considered transient.

The Federal Reserve goes on the attack of inflation, accelerating the end of stimulus to the economy to prepare to raise rates, which could be adjusted three times over the next year. It is the unanimous outcome of the two-day meeting that the US central bank summit concluded yesterday inash

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Already in November, the Fed had begun tapering, a $ 15 billion reduction in bond purchases to $ 120 billion a month, which it had done during the Covid crisis to encourage recovery. Now the reduction will become 30 billion per month, to conclude the entire operation in March. This will make it possible to act on the cost of money, which the Federal Reserve wants to raise to curb inflation. Rates are at zero, but the central bank's prediction is that they could be raised three times in 2022. The decision, according to the final statement, was taken "in the light of the trend in inflation and the further improvement in the labor market". Immediately afterwards President Poellell explained: "the economy is making rapid progress. But inflation has a real impact on people's lives and we will use all our tools to contain it".

The Fed's move was expected, because in recent days the same Poell The Fed remains convinced that next year it will slow down, when the supply chain is unlocked. Then the rapid growth in demand that has driven up prices could slow down, if the surge in infections generated by the Omicron and Delta variants pushes consumers back into the house, limiting expenses.

In the meantime, however, action must be taken, because many of these variables remain uncertain, while in November inflation rose to 6.8%, the highest level since 1982. At the same time unemployment fell to 4.2%, and therefore the need to keep prices under control became more urgent than generating jobs. Indeed, many Americans have chosen to cross their arms with the Great Resignation, some for fear of getting sick and some for generous state subsidies, plunging into despair many entrepreneurs who no longer know where to hire staff.

Biden observes this challenge with concern, because it is the success or failure of his presidency, ahead of the midterm elections in November 2022 but also the race for the White House in 2024. First of all, the townspeople blame him for inflation, when at the gas station they find gasoline prices skyrocketing, and this contributes to his popularity plummeting. Then all this also risks derailing congressional approval of the $ 1.75 trillion social infrastructure package, which is a central element of his agenda for a more inclusive economy, and winning the next election. In fact, Democratic Senator Manchin, the main obstacle to the passage of the initiative, argues that to curb it is precisely the surge in inflation, because the generous state investment could fuel it even more.

Michael Zippo
https://linkedin.com/in/michael-zippo-9136441b1
info@e-book.business

Business books: Top Picks

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#2The Subtle Art of Not Giving a Fuck

The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life. In this generation-defining self-help guide, a superstar blogger cuts through the crap to show us how to stop trying to be “positive” all the time so that we can truly become better, happier people. For decades, we’ve […]

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Everyday Business Storytelling: Create, Simplify, and Adapt A Visual Narrative for Any Audience. Communication is one of the basic functions of management in any organization and its importance can hardly be overemphasized. It is a process of transmitting information, ideas, thoughts, opinions and plans between various parts of an organization. Good and effective […]

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#8The Essential Manager’s Handbook

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#9Operations Management

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#10Where Are the Customers Yachts

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#11Corporate Finance 11th Edition

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#12ISE International Business: Competing in the Global Marketplace

The 13th edition provides a complete solution that is relevant (timely, comprehensive), practical (focus on applications of concepts), integrated (integrated progression of topics) and the most up-to-date on the market. Available with Connect: Our highly reliable homework and learning management solution that embeds learning science and award-willing adaptive tools to improve student results.

#13Winning: The Unforgiving Race to Greatness

Winning: The Unforgiving Race to Greatness (Tim Grover Winning Series) From the elite performance coach who wrote the international bestseller Relentless and whose clients included Michael Jordan, Kobe Bryant, and Dwyane Wade, comes this brutally honest formula for winning in business, sports, or any arena where the battle is relentless.

#14Your Next Five Moves: Master the Art of Business Strategy

From the creator of Valuetainment, the number one YouTube channel for entrepreneurs, comes a practical and effective guide for thinking more clearly and achieving your most audacious business goals. Both successful entrepreneurs and chess grandmasters have the vision to look at the pieces in front of them and anticipate their next five moves. […]

#15Your Next Five Moves

Your Next Five Moves: Master the Art of Business Strategy (Hardcover / Audio / Kindle). Creator of Valuetainment, the # 1 YouTube channel for entrepreneurs and “one of the most exciting thinkers” (Ray Dalio, Principles author) in business today, provides a practical and effective guide to thinking more clearly and getting the most out […]

#16Finding the Winning Edge

When those who chronicle the history of the game list the individuals who had the greatest impact on the National Football League, Bill Walsh will clearly be among the names of Halas, Lombardi, Brown, Landry, Noll and Shula. But when you consider who has impacted the game most in terms of those who […]

#17International GAAP 2020 2021

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#18Schweser FRM Part I Secret Sauce

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#19We Should All Be Millionaires

We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power. Are you ready to fill your life with more peace, power and joy? We Should All Be Millionaires details a realistic, achievable and step-by-step path to create the support, trust and plan you need to master […]

#20THE BUSINESS ANALYST’S HANDBOOK

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