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September CPI hit 3.7% and PPI jumped 6.3%, both hotter than expected. What does the Fed do at its October meeting?

September CPI rose 0.6% from the prior month to 3.7% annually, while producer prices jumped 6.3% year-over-year, the biggest gain since 2022, putting the Federal Reserve's October 27-28 meeting squarely in focus after its first rate hike in three years last month. What does the Fed do at its October meeting? Vote and explain your reasoning in the comments.
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Top Replies
vaccigen
manipulative polls. lol
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Bookobucks
Get more diplomacy than an overtired toddler, end the wars, and get oil prices down and watch inflation magically disappear, complete disconnect, there is not an overheated economy in my opinion.
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Martial33
Macro noise is always there, but what's got me excited about symbol logo$VMAR right now is the operational traction they're building — those 60 demo rides at Lake Berryessa, the Northpoint financing activation, real momentum in the electric marine space. That's the stuff that matters long term.
MrUnBearOrBull
No change would be the right thing to do for so many reasons, so that’s my guess. If we go any higher, we WILL begin to force large investors into bonds, share prices down, and companies to accelerate layoffs in a domino effect, but the current lending rate is also not egregious. Unfortunately, excessive spending is NOT the cause of our inflation, so you cannot combat the increased cost of NEEDS with higher borrowing. Truth be told, there needs to be a mechanism to tax gross revenues of companies on a progressive basis whereby the largest conglomerates pay the highest revenue tax (effectively a national sales tax borne by the companies), with a 2x domestic labor deduction (to make outsourcing and automation less attractive).
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FilipanDanielMarius
I think many people will leave the so called ai and invest in stuff that is very important and makes a difference, serves people and have a bright future. Not advice, just my personal opinions.
MrStockPriceGuesser
how exactly does a posi trac rear end in a Plymouth work? It just does.

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