Traders Start Freaking Out Over Fresh Supply Chain Collapse As Covid Sweeps Across China

It may have taken a while, but it was always just a matter of time before China - creator of the covid virus (with funding from Fauci) and trillions in economic devastation - succumbs to the pandemic.

[link to www.zerohedge.com (secure)]

"Employers are having difficulties filling job openings, and wages are rising at their fastest pace in many years," Federal Reserve Chair Jerome Powell told reporters on Wednesday. Inflation has been rising as supply chains are disrupted by the coronavirus, he said.

"The inflation that we got was not at all the inflation we were looking for," Powell said.

What about interest rates?

Projections released by the central bank predict three interest-rate hikes next year and three more in 2023. That's significantly more than the single rate jump it had forecast in September, and indicates the central bank is much more concerned about rising prices than it was two months ago.

Economists said the rate hikes could begin as soon as March, but some expect economic weakness to push lift-off until the summer.

Asked about the change in attitude, Powell told reporters: "It's essentially higher inflation and faster, much faster progress in the labor market."

He also noted that high inflation could dampen the economic recovery by canceling out the wage gains that lower-paid workers have made in recent months amid a widespread labor shortage.

"We have to make sure that higher inflation doesn't get entrenched. It's one of the two main threats, the other being the pandemic, to getting back to maximum employment," he said.
Why it matters

That benchmark interest rate — which was slashed to near-zero last year and remains there — affects what consumers and businesses pay for mortgages, credit card purchases, personal and business loans, and other debt. Raising the rate makes it more expensive to borrow or spend money, slowing down spending and potentially tamping down inflation. But hiking the rate too fast could damage the labor market, which is still below its 2019 levels.

It may have taken a while, but it was always just a matter of time before China - creator of the covid virus (with funding from Fauci) and trillions in economic devastation - succumbs to the pandemic.

[link to www.zerohedge.com (secure)]

COVID IS FORT DETRICK CREATED, PERIOD

One star for spreading fear. DO YOU EVEN TRADE? I do. Every single day. And you're wrong.

150 cases and they lock down??? What version of the virus is this anyways?

150 cases and they lock down??? What version of the virus is this anyways?

One star for spreading fear. DO YOU EVEN TRADE? I do. Every single day. And you're wrong.

It may have taken a while, but it was always just a matter of time before China - creator of the covid virus (with funding from Fauci) and trillions in economic devastation - succumbs to the pandemic.

[link to www.zerohedge.com (secure)]

150 cases and they lock down??? What version of the virus is this anyways?

Certainly there are tremors in the markets. Why would there not be with all the COVID hoaxes, er, uh, supply chain disruptions. Oh, wait, they're the same. Well, anyway, the whole world is on edge. As I've heard many analysts say: The markets hate uncertainty.

It was all going to implode at some point anyway with all the fiat fraud going on. Will this trigger it? Who knows. But, it pays to be wary.

I think it is the same one as australia, it sneaks in at night and cuts the balls off of all the men, and mutates the women into KARENS!!!