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<blockquote data-quote="Up In Smoke" data-source="post: 5613550" data-attributes="member: 79702"><p>Sorry for the slow response it was end of quarter, estimated tax time and strike voting all in a short window.&nbsp; The Fed raised rates 5-6 times in late 2017 through 2018 in an effort to tamp down consumer spending and head off inflation caused by tariffs and tax cuts.&nbsp; It seemed to work as spending in late 2018 through 2020 were at the lowest levels in several years.&nbsp; As a result of rate increases the stock market sold off 25% in late 2018 to end the year in negative territory.&nbsp; In 2019 we saw the lowest consumer spending levels in a decade, GDP contraction as well as the largest inflation number since 2011.&nbsp; The Fed turned tails and again began to cut rates as well as &quot;print money&quot; through treasury auctions in 2019 in an effort to settle the economy.&nbsp; We all know what happened in 2020.&nbsp; Consumer spending went negative as well as GDP, employment, exports and the dollar as we printed more and more and more.&nbsp; The 900B signed into law in the lame duck session of 2020 should have been the last dollars to combat the pandemic, but the Biden administration wanted more and those dollars just compounded the troubled course we had already set for ourselves.&nbsp; If you believe the current numbers, it looks like the Fed&#039;s plan is working to slow inflation without negatively impacting employment and consumer spending.&nbsp; We march on, one month at a time.</p></blockquote><p></p>

[QUOTE="Up In Smoke, post: 5613550, member: 79702"] Sorry for the slow response it was end of quarter, estimated tax time and strike voting all in a short window. The Fed raised rates 5-6 times in late 2017 through 2018 in an effort to tamp down consumer spending and head off inflation caused by tariffs and tax cuts. It seemed to work as spending in late 2018 through 2020 were at the lowest levels in several years. As a result of rate increases the stock market sold off 25% in late 2018 to end the year in negative territory. In 2019 we saw the lowest consumer spending levels in a decade, GDP contraction as well as the largest inflation number since 2011. The Fed turned tails and again began to cut rates as well as "print money" through treasury auctions in 2019 in an effort to settle the economy. We all know what happened in 2020. Consumer spending went negative as well as GDP, employment, exports and the dollar as we printed more and more and more. The 900B signed into law in the lame duck session of 2020 should have been the last dollars to combat the pandemic, but the Biden administration wanted more and those dollars just compounded the troubled course we had already set for ourselves. If you believe the current numbers, it looks like the Fed's plan is working to slow inflation without negatively impacting employment and consumer spending. We march on, one month at a time. [/QUOTE]

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