RESTORATION COMMUNITY BOARD - TELEGRAM GROUPS

FOG OF WARSHFed’s Warsh hints that interest rates might go upNatalie Behring/Getty Images Just like a date who texted after ghosting you for three days, the tight-lipped Fed Chair Kevin Warsh finally opened up a little about what’s on his mind. Yesterday, he said that the Fed will have “work to do” if inflation doesn’t cool, during his widely watched keynote speech at the Fed’s yearly conference for central bankers in Jackson Hole, Wyoming.Analysts translated this from Warshspeak as: Don’t be surprised by an interest rate hike soon, *wink wink.* The sound bites were the clearest signal Warsh has given about his outlook since becoming chair—even as he defended his view that the Fed should keep mum on its plans.Inflation is top of mindWarsh shared some revealing thoughts about the current economy:He noted that inflation remains above the Fed’s 2% annual target and that he doesn’t see recent data showing it cooling as a meaningful improvement.Warsh also said that the Fed should focus on inflation rather than the job market—which he deemed stable—and that rate hikes were the main tool to achieve price stability.Wall Street took it as a sign that Warsh and co. are leaning towards raising borrowing costs. The trading odds of a rate hike at the Fed’s meeting next month jumped from 35% to 58% shortly after Warsh finished speaking, per CME Group data. Bond traders also priced in a rate hike: The yield on the 2-year government bond—which moves in the opposite direction to price and is closely correlated with the interest rates the Fed sets—rose from 4.24% to as much as 4.36% in the hours after Warsh finished speaking.Meanwhile, the 30-year Treasury yield dipped slightly yesterday, after soaring to a 19-year high last week, which many experts saw at the time partially as a sign that investors doubted that the Fed was prepared to contain prices with interest rate hikes.What’s next? The Fed will have one more inflation data reading to consider a few days before its September mee

Amazing to see what people with so much less do with life. https://www.youtube.com/watch?v=lyP21EjvoYA

This is a standard method here in Austria. But the new regulations are applied to small NGO's with mostly good intentions very strict and to the "big players" very soft or even just in newspapers as soon they were able to implement stricter laws. When we are able to get the same conditions than the big players we don't need more taxes anymore and they can be lowered to let us flourish more and more.