FedLeaks: Fed Tightens Tomorrow

And then March. But May? [Altucher Confidential] January 31, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Just because the Fed has run off a cliff doesn’t mean they won’t keep running. [Hero_Image] FedLeaks: Fed Tightens Tomorrow By Jim Rickards CIA-based timing tool now available to everyday Americans What you’re about to see might sound unbelievable, but it’s 100% based on facts… my connections a controversial government insider… and my work at the CIA. I am putting the finishing touches on our new CIA-based timing tool and I want to make sure you don’t miss your opportunity to give it a “test-run”. But don't hestitate - [click here for all the details.]( [Chris Campbell] CHRIS CAMPBELL His name is Nick Timiraos. He’s the chief economics correspondent for the Wall Street Journal. And… He’s a Federal Reserve fanboy. Last year, he published a gushing book — Trillion Dollar Triage — on how the Fed saved us from economic apocalypse in 2020-2021. Or, as he put it, how “an unassuming civil servant created trillions of dollars from thin air, combated a public health crisis, and prevented the American economy from facing a second Great Depression.” Heh. For the past two weeks, all eyes have been on Nick. Why? Because everyone “in the know” understands that he’s got a direct link to the Fed. He’s their “FedLeaks.” Below, our colleague Jim Rickards explains what that means… and reveals what the Fed’s next move will be in March. (And, of course, how to prepare.) Before you go, it’s the final day for brave souls to test Jim’s controversial CIA-based market timing tool. If you haven’t already upgraded your account, [Jim lays out the details of why you should today in this short introduction.]( (Fair warning: Deadline tonight at midnight. Then, poof. Gone.) Read on. Urgent Note From James – Response Requested By Midnight [Click here for more...]( Hey, it’s James. [I just made a massive change to my Altucher’s Investment Network newsletter.]( This is one of the biggest changes to a newsletter in the history of our business… As far as I know, nothing like it has ever been done before. What’s going on? In short, I’m adding 3 brand-new benefits to this all-new “Pro level” of Altucher’s Investment Network. And as one of my readers, I’d hate to see you left behind. That’s why – for a very limited time, until the timer below hits 0 – [you’ll be able to upgrade your current subscription to this new “Pro level” by clicking here.]( [Click here for more...]( [Seriously. Just click here now to see how to claim your upgrade.]( The Fed Will Raise Rates 0.25%. Take it to the Bank. Jim Rickards I’ve explained for a long time that forecasting Fed rate hikes (or cuts) is straightforward. The difficult part of Fed analysis is forecasting what comes next, and what damage the Fed will cause by its blunders. But calling the rate hikes themselves is not complicated. The current Fed led by Jay Powell is the “no drama” Fed. They don’t want surprises. They don’t want to upset the markets. To achieve this the Fed leaks their plans in advance. All you have to do is know this, anticipate the timing, and know the name of the particular journalist who gets the leaks. The favored journalist does change every few years, but right now the key name is Nick Timiraos of The Wall Street Journal. The timing of the leak is about ten days ahead of the Fed meeting. The Fed doesn’t want to leak too early (because data can change) and doesn’t want to wait too long (because the market might be surprised). So, with regard to a February 1, 2023, Fed meeting, we should have expected an article around January 21 from Nick Timiraos. And, [here]( it is, right on time! Timiraos is not one to bury the lead. In the first paragraph he writes, “Federal Reserve officials are preparing to slow interest-rate increases for the second straight meeting and debate how much higher to raise them after gaining more confidence inflation will ease further.” He then goes on to report, “Fed officials have said slowing the pace of rate increases to a more traditional quarter percentage point would give them more time to assess the impact of their rate increases so far as they determine where to stop.” This requires little translation. Reference to the “second straight meeting” refers to the decline from 0.75% in November to 0.50% in December. That means the rate hike will drop again from 0.50% in December to 0.25% in February. He then makes the “quarter percentage point” reference explicit. Finally, the reference to “time to assess” suggests the Fed is getting closer to ending the rate hikes but they’re not quite there yet. So, the February 1, 2023 rate hike will be 0.25% and a similar rate hike is planned for March 22. We’ll see where things go from there. But we won’t be taken by surprise thanks to Jay Powell’s leaks and Nick Timiraos’s reporting. This doesn’t mean the Fed is getting things right. They’re probably overtightening, and the economy is almost certainly already in a recession. Just because the Fed has run off a cliff doesn’t mean they won’t keep running. [Ed. note: Everything you need to know on how to beat the market… whether it’s going up, down, or sideways… is [right here at this link]( alongside a time-sensitive special announcement.] Best, Jim Rickards For Altucher Confidential Response Requested 1/1000th of an ounce of gold available for you As an Altucher Confidential reader, Jim Rickards is offering you 1/1000th of an ounce of gold when you upgrade your account. 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