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It’s the Klaus-Effect: The federal reserve bank was said to be planning an “emergency meeting” over the weekend. That is now confirmed.
The FED announced over the weekend that it has scheduled a closed meeting for Monday morning.
During Friday night’s show, it was reported that the Fed was going to increase rates on either Friday or Monday. The rates stayed the same on Friday, so Monday’s meeting might be scheduled so the Fed can increase rates.
Inflation is out of control and the Fed now feels it has to do something.
If the Fed does increase rates, this will be only the second time they did so this century under a Democrat President. The only other time the Fed increased rates under a Democrat since 2000 was in 2016 after keeping rates at 0% under the first 7 years of Obama’s terms in office.
The Fed increased rates massively under both President Bush and President Trump. But of course, the Fed is non-biased.
Monday/Tuesday may be a big day for the markets. We will see…
PS. MODERNA IS ALREADY 14% DOWN AFTER THE CEO SOLD SHARES FOR $400 MILLION AND DELETED HIS TWITTER ACCOUNT
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Bernd Pulch 