After weeks of speculation, the Federal Reserve has a meeting this week and will announce another rate hike.

There will be another rate hike as inflation is coming down, but it is nowhere close to the 2% goal.

It will be a slight increase of 0.25%, just enough to show they are still in the anti-inflation game. A slight increase will do little to harm the economy. The Fed has done at least 75% of the maximum increase needed in this cycle.

A minuscule bump will not kill the job market. The Fed does not need to worry until the jobs and employment statistics show two or three months of weakening.

A tiny advance does no harm to the banking system. The majority of the decrease in asset values has already occurred. Plus, banks can borrow against 100% of assets’ face value, causing no need to book a loss when raising liquidity.

All is as good as it usually is.

“It’s always something.”

ALL FED UP

Being all fed up has little to do with the Federal Reserve.

It is a visceral reaction to the overwhelming use of adjectives in financial journalism to make things seem worse than they are. Clickbait enhanced partisanship to gain eyeballs and sell more ads.

Listening to the rhetoric of either party is like having a little bit of vomit show up in the back of my throat.