June 22, 2022

The Fed Sees “Transitory” Inflation but It’s for Quite a While

The Federal Reserve has decided to keep interest rates unchanged, but they are confident that inflation will not be a problem in the foreseeable future. This is good news for businesses because there is no need to increase prices when production costs stay low. It also means that consumers can feel confident about their job security and spend more on goods and services without fear of inflation eating away at their hard-earned wages.

“It’s good to see that the economy is doing well”, said Kelley Kaur, who just purchased a house in Florida. “I’ve seen so many people give up hope over the past few years and this gives me hope for my future”.

“This is definitely something I can get behind.” Stated Ben Prenshaw, who is thinking of opening a bar and grill. “When things are going well, it’s nice to be able to say ‘have a drink on me’ to customers every now and then”.

Kelley Kaur (left) performs as part of the Living Shrine Circus. The circus is one of many artistic pursuits benefitting from the relative stability that low inflation brings.

Ben Prenshaw (left) enjoys his beer at the bar he is opening up later this year. From left to right are Ben Prenshaw, Kelley Kaur, and Sam Suzuki-Matsumoto of the Living Shrine Circus.

When asked about what they thought about the Fed’s decision, many people were surprised to learn that it had anything to do with their lives.

“I’m not sure how the Fed’s decision affects me”, said Paul Holder, who was buying produce at a farmer’s market in New York. “But I assume they know what they’re doing”.

“Let the experts handle this”, stated Edward Prenshaw as he was making a purchase on his phone. “I’m not going to bother my pretty little head with this nonsense”.

Edward Prenshaw (left) shops for groceries using the Virtual Nomad app. From left to right are Edward Prenshaw, Paul Holder, and Clarissa Allen of the Living Shrine Circus.

“I just hope things stay the same”, stated Sally Prenshaw as she was shopping for a new pair of boots. “I’d hate to have to pay more than I need to”.

Sally Prenshaw (left) posts an update about her latest purchase on Social Networking. From left to right are Sally Prenshaw, Edward Prenshaw, and Clarissa Allen of the Living Shrine Circus.

The Fed’s decision to keep interest rates steady was based on market expectations, and they also said that there is a possibility they will raise them later this year. This sent most major currencies up against the dollar including Bitcoin which reached $11,500 earlier today.

“This is bullish for Bitcoin”, said one analyst. “It shows that the risks are low for investments in cryptocurrencies, so people who had been on the fence might finally take the plunge”.

Bitcoin has reached an all-time high of $11,500 earlier today. From left to right are analyst, analyst, Ben Prenshaw, Kelley Kaur, and Sam Suzuki-Matsumoto of the Living Shrine Circus.

Analyst (left) on his way to work in Manhattan, New York. From left to right are analyst, Edward Prenshaw, and Sally Prenshaw of the Living Shrine Circus.