As expected, the Federal Reserve has raised interest rates .50%. However, inflation is expected to remain high as prior spending debt bubble remains in place.
WASHINGTON, May 4 (Reuters) – The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank’s chief made an appeal to Americans struggling with high inflation to be patient while officials take the hard measures to bring it under control. (read more)

Within hours of the announcement, major U.S. banks including JPMorgan Chase & Co, Wells Fargo Bank and Citibank raised their prime rate to 4%, effective Thursday.
The timing of the rate increase is what was expected. Last year’s inflation spikes started appearing in June of 2021. By delaying the 2022 FED response until right now, the political operatives in control of U.S. monetary policy create a scenario where the Fed impact will appear to surface in June of 2022. Exactly one year from the date of the first wave of inflation from the prior COVID spend.
Year-over-year inflation will statistically begin to give the appearance of moderation, once the June (’21) to June (’22) comparison cycle arrives. The Fed and White House will use the intentionally timed statistical outcome to claim inflation is diminishing. It’s a political trick we expected.


Today, the CDC has announced a semi-permanent extension of the federal transportation mask mandate with no expiration date noted. [
The details of the Joe Biden $33 billion supplemental budget allocation have been released. I would strongly urge everyone to read the proposal which now heads to congress for passage {